Business, 22.11.2019 02:31 jonathansheehan26

In a perfectly competitive market in short-run equilibrium, a. the price and quantity bought and sold in the market are determined by the shutdown point b. only demand determines the price and quantity bought and sold in the market because all firms are price takers c. only supply determines the price and quantity bought and sold in the market because the good has many substitutes d. market supply and market demand determine the price and quantity bought and sold in the market.

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Answer from: francisco42002

D. Market supply and market demand determine the price and quantity bought and sold in the market.

Explanation:

In perfectly competitive market, equilibrium price and quantity is determined at the point where the aggregate supply curve and aggregate demand curve intersect.

If either supply or demand changes, the supply/demand curve will shift to intersect the demand/supply curve at a new equilibrium point.

In other words, although both suppliers and buyers are price-takers they both influence price and quantity bought and sold, at the aggregate level.

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Answer from: Quest

you can lose ranking 2 ways.

1) you don't have enough points due to you expending them by asking questions/your answers are deleted.

2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

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look at the "brainliest answers in the last 30 days". this is the one that will affect your rank other than your points. again, once your brainliest expires (was earned 31+ days ago), it will not be counted.

Answer from: Quest

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In a perfectly competitive market in short-run equilibrium, a. the price and quantity bought and so...

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