MCQOPTIONS
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| 1. |
Equilibrium in the factor market achieved at the factor price and factor quantity is given by |
| A. | The intersection of the factor demand curve and the factor supply curve |
| B. | The sum total of the elasticities of demand and supply |
| C. | The product of the elasticities of demand and supply |
| D. | none |
| Answer» B. The sum total of the elasticities of demand and supply | |