Figure 10-6

-In Figure 10-6, the price at long-run equilibrium is

Question

Figure 10-6
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-In Figure 10-6, the price at long-run equilibrium is

Quizplus · Accepted Answer

In long-run equilibrium, the price stabilizes at a point where the supply and demand curves intersect, indicating the market has adjusted to all inputs and outputs efficiently. Without seeing Figure 10-6, the correct answer cannot be determined from the provided options. However, in typical economic models, the equilibrium price is where the supply equals the demand.

Figure 10-6 ​

Figure 10-6