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    Principles of Economics
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    Exam 7: Consumers, Producers and the Efficiency of Markets
  5. Question
    The Particular Price That Results in Quantity Supplied Being Equal
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The Particular Price That Results in Quantity Supplied Being Equal

Question 147

Question 147

Multiple Choice

The particular price that results in quantity supplied being equal to quantity demanded is the best price because it maximises:


A) costs of the seller
B) the total welfare of buyers and sellers
C) the expenditure of buyers
D) the profit of buyers

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