Explain how supply and demand create equilibrium in the marketplace
What will be an ideal response?
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At equilibrium, the market for a good is stable. To find the equilibrium price and quantity, simply look for the price at which the quantity supplied equals the quantity demanded.
Economics
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The labor supply curve facing a monopsonist is:
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A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
Economics