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3 years ago

9

What is the equilibrium price per DVD?

1 answer:

OleMash [197]3 years ago

5 0

The equilibrium referred to here is the dynamic equilibrium. It means that there is a change happening, but the opposite change are equal so they cancel out. So, we can determine the equilibrium price at the point where the demand and supply curve intersect. That would be at the quantity of 60 units. Therefore, the equilibrium price is $10.

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