Question

Equilibrium Price Determination
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Answer 1

Answer:

1. Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Welcome to Gboard clipboard, any text you copy will be saved here.Touch and hold a clip to pin it. Unpinned clips will be deleted after 1 hour.Use the edit icon to pin, add or delete clips.Use the edit icon to pin, add or delete clips.Use the edit icon to pin, add or delete clips.Tap on a clip to paste it in the text box.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Use the edit icon to pin, add or delete clips.Welcome to Gboard clipboard, any text you copy will be saved here.Tap on a clip to paste it in the text box.Welcome to Gboard clipboard, any text you copy will be saved here.Welcome to Gboard clipboard, any text you copy will be saved here.

Answer 2

Answer:

The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It is determined by the intersection of the demand and supply curves.