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Refer to the Above Diagram,which Shows Demand and Supply Conditions

Question 104

Multiple Choice

Refer to the above diagram,which shows demand and supply conditions in the competitive market for product X.If the initial demand and supply curves are D<sub>0</sub> and S<sub>0</sub>,equilibrium price and quantity will be: A) 0F and 0C respectively. B) 0G and 0B respectively. C) 0F and 0A respectively. D) 0E and 0B respectively. Refer to the above diagram,which shows demand and supply conditions in the competitive market for product X.If the initial demand and supply curves are D0 and S0,equilibrium price and quantity will be:


A) 0F and 0C respectively.
B) 0G and 0B respectively.
C) 0F and 0A respectively.
D) 0E and 0B respectively.

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