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When the Supply Curve and Demand Curve for a Particular

Question 70

Multiple Choice

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


A) total profit earned by producers.
B) total amount of labour 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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