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 where 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.
Correct Answer:
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