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Given a demand-supply diagram, what must be true at equilibrium? Hint: P denotes price, D denotes demand, S denotes supply and Q denotes quantity. So
Given a demand-supply diagram, what must be true at equilibrium? Hint: P denotes price, D denotes demand, S denotes supply and Q denotes quantity. So for example, quantity demanded is Q^D A) P^S=Q^S B) P^D=Q^D C) Q^S=Q^D D) Q^S=P^D=P^S
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