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Bryan Rogers
on Nov 30, 2024

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The equilibrium quantity is about

A) 14.5.
B) 15.0.
C) 15.5.
D) 16.0.
E) 16.5.

Equilibrium Quantity

The quantity of goods or services sold in a market at the equilibrium price, where demand and supply are equal.

Quantities Supplied

The quantities of a commodity that producers are willing to sell at a specific price over a defined period of time.

  • Understand the function of supply in achieving market balance.
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Litha WakesDec 04, 2024
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