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Place point Q on the graph to indicate an unemployment rate of 100 percent,point R to indicate full employment and point S to indicate where our economy usually operates.
Demand
The desire and ability of consumers to purchase goods or services at a given price.
Supply
The total amount of a specific good or service that is available to consumers in a market at a given time and price.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, leading to a state of market balance.
Demand
The quantity of a good or service that consumers are willing and able to purchase at various prices.
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