2013
Economics
POST UTME
If a market for good X is in disequilibrium, which of the following statements is true about the quantity of X that is actually exchanged?
A.
It is determined by the forces of demand
B.
it is determined by the forces of supply
C.
it is determined by both demand and supply forces
D.
it is determined by the forces of demand or supply whichever is shorter
Correct Answer: it is determined by both demand and supply forces
Explanation
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