O https://online.hfocedu/mod/quiz attempt.php?attempt 7187838 page 3 hich of the
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O https://online.hfocedu/mod/quiz attempt.php?attempt 7187838 page 3 hich of the follow Options Question 21 Not yet answered Points out of 1.0 ? Flag question Which of the following correctly give the conditions needed for market equilibrium? Select one: 0 a. All firms have made a profit O b. The quantity supplied = quantity demanded c. Everyone that demanded the good has received one O d. The quantity supplied has fallen to zero Points our of 1.0Flag question Question 22 Not yet à A tractor built in 2001 and still in operation today is:Explanation / Answer
21. (b) The quantity supplied = quantity demanded.
(In other conditions, either demand will exceed supply creating shortage or supply will exceed demand creating a surplus. Both these conditions will not be consistent with market equilibrium).
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