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If the price of running shoes is above the equilibrium price, there will be an excess supply of running shoes.
Note, that you will lose 50% of the mark for this question if you choose the incorrect option.
If you are not sure about the answer and do not want to guess, choose the "Unsure" option. You will neither receive marks for the
question nor will you lose marks for choosing this option.
O True
O False
Unsure