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Consider a Graph That Shows an Upward-Sloping Supply Curve and a Downward-Sloping

Question 76

Multiple Choice

Consider a graph that shows an upward-sloping supply curve and a downward-sloping demand curve.The equilibrium price and equilibrium quantity are found at the


A) horizontal intercept of the demand curve.
B) vertical intercept of the supply curve.
C) lowest possible price.
D) point at which demand equals supply.
E) point at which the quantity demanded equals the quantity supplied.

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