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Question: ebgn201 practice problem on market equilibrium 5 points name determine...

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EBGN201 Practice problem on market equilibrium 5 points NAME: Determine whether the following statement is TRUE, FALSE or UNCERTAIN. Explain your answer carefully using a supply and demand diagram. The score for this exercise will be based on the quality of your explanation. If a price is not an equilibrium price, there is a tendency for price to move to its equilibrium level. Regardless of whether the price is too high or too low to begin with, the adjustment process will increase the quantity of the good traded.
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