A market's equilibrium is the point at which the supply and demand curves intersect.
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Q73: A reduction in an input price will
Q74: The actions of buyers and sellers naturally
Q75: When a seller expects the price of
Q76: A surplus is the same as an
Q77: The market supply curve shows how the
Q79: At the equilibrium price, quantity demanded is
Q80: Individual supply curves are summed vertically to
Q81: When the market price is below the
Q82: Surpluses drive price up, while shortages drive
Q83: Demand refers to the amount buyers wish
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