At which of the following points is the quantity demanded and quantity supplied equal?

Shutdown point

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Break-even point

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Equilibrium point

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Profit-maximization point

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Solution

The correct option is C
Equilibrium point

At equilibrium, quantity demanded is equal to the quantity supplied.

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Similar questions

Consider the following demand and supply functions for a good.

Quantity demanded = 160 - 2p

Quantity supplied = - 40 + 2p

(i) Calculate the equilibrium price and quantity.

(ii) Find out a price at which there is excess demand.

(iii) Find out a price at which there is excess supply.

Which of the following points is the shutdown point?

D_{1}

S_{1}

D_{2}, D_{3}, S_{2}

S_{3}

\to

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