Suppose the quantity of oranges demanded is less than the quantity supplied. Then
A) the market still clears, because consumers can buy all the oranges they wish at the prevailing market price.
B) the market still clears, because producers can sell all the oranges they wish at the prevailing market price.
C) the market clears, but is not fully coordinated.
D) oranges are no longer scarce goods.
E) none of the above is true.
E
Economics
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In year 2000 dollars, per pupil expenditures on education in the United States in 1940 was around _____
a. $500 b. $1000 c. $2000 d. $4000
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