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Figure 2.2 -The Output Level That Occurs in Any Market That Is

Question 111

Multiple Choice
Figure 2.2 -The output level that occurs in any market that is in equilibrium

Figure 2.2
Figure 2.2 -The output level that occurs in any market that is in equilibrium A) is the quantity where the supply curve intersects the Y axis. B) is the quantity where the demand curve intersects the X axis. C) is the quantity at an output level in which buyers will pay more than suppliers require. D) is an output level where buyers will not pay as much as suppliers require. E) means consumers or producers cannot be made better off by an expansion or contraction of output.
-The output level that occurs in any market that is in equilibrium


A) is the quantity where the supply curve intersects the Y axis.
B) is the quantity where the demand curve intersects the X axis.
C) is the quantity at an output level in which buyers will pay more than suppliers require.
D) is an output level where buyers will not pay as much as suppliers require.
E) means consumers or producers cannot be made better off by an expansion or contraction of output.

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