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A market equilibrium where demand equals supply is an illustration of: Group of answer choices The law of increasing costs because self-interested buyers and sellers
A market equilibrium where demand equals supply is an illustration of:
Group of answer choices
The law of increasing costs because self-interested buyers and sellers produce an equilibrium where resources are used efficiently.
The law of increasing costs because price is a good measure of opportunity cost.
Adam Smith's invisible hand because price is a good measure of opportunity cost.
Adam Smith's invisible hand because self-interested buyers and sellers produce an equilibrium where resources are used efficiently.
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