Questão de Geografia
What is the relationship between the curves of supply and demand in a competitive market?
I- The equilibrium price is the price at which the quantity demanded equals the quantity supplied.
II- The equilibrium quantity is the quantity at which the price demanded equals the price supplied.
III- The equilibrium price and quantity are determined by the intersection of the supply and demand curves.
A
Only I is correct.
B
Only II is correct.
C
Only III is correct.
D
I and II are correct.
E
I, II, and III are correct.
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