New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The intersection of the demand and supply curves

    indicates the equilibrium:
    A price and quantity Correct Answer Incorrect Answer
    B supply and price Correct Answer Incorrect Answer
    C supply and quantity Correct Answer Incorrect Answer
    D price and supply Correct Answer Incorrect Answer

    Solution

    price and quantity," refers to the equilibrium point where the demand and supply curves intersect, determining the price and quantity at which a market is in balance.

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