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ASSIGNMENTS
gcse economics - demand and supply - price equilibrium
18.08.2008
Price equilibrium is found where supply and demand are equal. This is the point where both sellers and buyers are happy with the price and quantity.
EXAMPLE 1
In the example above equilibrium price is £0.35 and 250 mars bars would b...
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Added by: LadyAngelPL
Category: Revision note
Course: Economics and Business
Comments:
