Question: 7 When supply and demand curves intersect, this state is termed OA. Equilibrium of price and quantity OB. Economic stability OC. Agreement of buyers and

7 When supply and demand curves intersect, this state is termed OA. Equilibrium of price and quantity OB. Economic stability OC. Agreement of buyers and sellers OD. Economic expansion QUESTION 8 A market structure in which large numbers of buyers exchange differentiated products is called OA. Pure competition OB. Monopolistic competition OC. Oligopoly OD. Monopoly

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