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telo118 [61]
3 years ago
5

Explain how the equilibrium price is determined​

Biology
1 answer:
Neko [114]3 years ago
4 0

Answer:

The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It is determined by the intersection of the demand and supply curves. .

A decrease in demand will cause the equilibrium price to fall; quantity supplied will decrease.

Explanation:

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