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Answer to Question #169994 in Microeconomics for saunak ASH

Question #169994

how to calculate market clearing price and


1
Expert's answer
2021-03-09T15:18:56-0500

The market clearing price is the point of market equilibrium and can be determined by plotting the supply curve and demand curve and find their point of intersection. Also, it can be determined by equating the supply and demand functions and solve them.


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