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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
If the supply curve illustrates the quantities producers plan to sell at given prices, and the demand curve illustrates the quantities consumers plan to buy at given prices, then the plans of producers and consumers are fully coordinated at the point where
A) the supply curve lies above the demand curve.
B) the supply curve intersects the demand curve.
C) the demand curve lies above the supply curve.
D) the amount of a good needed by consumers exactly equals the amount supplied by producers.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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Posts: 1990
8 years ago
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Sublight2097 Author
wrote...
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
8 years ago
Thanks for updating the community. A lot posters don't realize how important feedback is!
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