1 markMarket Equilibrium

CAPE Economics Unit 1 · 2005 · Paper 1 · Question 4(c)

Define the term 'equilibrium'.

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Other parts of this question

4(a)Construct the demand and supply diagram for milk using the data provided in Table 2.[3 marks]
4(b)Indicate the equilibrium price and equilibrium quantity on the diagram drawn in part (a).[2 marks]

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