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The Equilibrium Point in the Market Is Where S and D

question 62

Multiple Choice

The equilibrium point in the market is where S and D curve intersect. The equilibrium point in the market is where S and D curve intersect.   Refer to the graph above. At equilibrium, the total amount of spending that consumers would be paying for the product is represented by the area: A)  a + b B)  a + b + c C)  a D)  b + c Refer to the graph above. At equilibrium, the total amount of spending that consumers would be paying for the product is represented by the area:


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