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-If Column 1 Represents the Demand Curve for a Product

Question 8

Multiple Choice

-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then the market reaches an equilibrium at a price of A) $12.50. B) $10. C) $7.50. D) $5. E) $2.50.
-If column 1 represents the demand curve for a product and column 2 represents the supply curve,then the market reaches an equilibrium at a price of


A) $12.50.
B) $10.
C) $7.50.
D) $5.
E) $2.50.

Correct Answer:

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