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14-12-2017
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what determines supply, what determines demand, what is an equlibrium point

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nullgaming650 nullgaming650

14-12-2017

The equilibrium quantity is the quantity demanded and supplied at the equilibrium price. Figure 3.14 The Determination of Equilibrium Price and Quantity. When we combine the demand and supply curves for a good in a single graph, the point at which they intersect identifies the equilibrium price and equilibrium quantity

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