The intersection of the supply and demand curves indicates:
A) the equilibrium solution in the market.
B) a surplus that will cause the price to fall.
C) a shortage that will cause the price to rise.
D) the quantity demanded exceeds the quantity supplied.
Answer: A) the equilibrium solution in the market.
Economics
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A society can occasionally produce at a point beyond its production possibilities frontier if there is an economic crisis.
Answer the following statement true (T) or false (F)
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