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CUITS

Which of the following are needed to determine the equilibrium price of a
good or service?
O
A. The ratio between surplus and shortage.
O
B. The difference between costs and revenues.
O
C. An accurate calculation of production costs.
O
D. A supply curve and a demand curve.

User Magda
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2 Answers

3 votes
D, I don’t know how to explain
User Robowahoo
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6 votes
D, I believe. Supply and demand usually determines the prices of things.
User Andreyrd
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