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26 February, 18:31

The equilibrium price and quantity of a good are found where the supply and demand curves intersect.

a) true

b) false

+2
Answers (1)
  1. 26 February, 18:34
    0
    True. Do not forget that the equilibrium quantity is found when the quantity demanded is equal to the quantity supplied, which must be where the two curves intersect.
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