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प्रश्न
What is determined at the point of intersection of the market demand and market supply curves?
पर्याय
Equilibrium price
Equilibrium quantity
both of these
none of these
MCQ
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उत्तर
both of these
Explanation:
The intersection of the market demand and supply curves determines the equilibrium price (when quantity demanded equals quantity supplied) as well as the equilibrium quantity. Both are set simultaneously at this point.
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