When the Supply Curve and Demand Curve for a Particular

question 253

Multiple Choice

When the supply curve and demand curve for a particular good are shown together on a single graph,the point at which the two curves intersect identifies the:

• A)Total profit earned by producers.
• B)Total amount of labor that will be employed in that market.
• C)Amount of time it takes to bring together the buyers and sellers of the good.
• D)Equilibrium price of the good.

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