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jonnyjon jonnyjon
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5 years ago Edited: 5 years ago, bio_man

Question 1.

At a product's equilibrium price

• the product's demand curve is the same as the product's supply curve.

• the quantity of the product demanded is greater than the quantity of the product supplied.

• the quantity of the product demanded is less than the quantity of the product supplied.

• the product's demand curve crosses the product's supply curve.

Question 2.

Figure 3-5



Refer to Figure 3-5. At a price of $5, the quantity sold

• is 2 units.

• is 4 units.

• is 6 units.

• cannot be determined.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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jaded 7.jaded 7.
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jonnyjon Author
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5 years ago
Brilliant
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