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Business, 14.04.2021 01:40 randallmatthew6124

16. Match the correct term with its definition 1. shortage
2 equilibrium price point
a. the sum of money necessary to purchase a good or service.
b. quantity demanded of a product is equal to the quantity supplied at that price
c. point of the supply curve prior to the equilibrium price
d. point where supply and demand exactly cross each other
e point of the demand curve prior to the equilibrium Price
3. surplus
4. price
5. equilibrium point

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16. Match the correct term with its definition 1. shortage
2 equilibrium price point
a....
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