Business, 04.04.2020 04:14, aljdones

The demand and supply curves intersect at the equilibrium point. True 2. An equilibrium price is achieved when quantity supplied is equal to quantity demanded. True 3. Prices help both producers and consumers recognize what’s happening in the market and make choices based on this information. 4. A shortage results when the quantity demanded exceeds the quantity supplied. 5. Only consumers benefit from the market, not producers.

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The demand and supply curves intersect at the equilibrium point. True 2. An equilibrium price is ach...