If the Supply and Demand Curves Cross at a Quantity

question 77

Multiple Choice

If the supply and demand curves cross at a quantity of 100, then the price necessary to get firms to sell more than that will have to be _______ equilibrium.

• A)above
• B)at
• C)below
• D)within 10% either way of

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Definitions:

Informal Fallacies

Errors in reasoning that do not involve the logical structure of an argument but are related to the content of the argument or the way the argument is presented.

Winning

Achieving victory in a competition or contest.

Research

The systematic investigation into and study of materials and sources to establish facts and reach new conclusions.

Equivocation

The misleading use of a term with more than one meaning or sense, by glossing over which meaning is intended at a particular time.