QUESTION 44 Figure: Understanding Surplus and Efficiency Price 5 10 15 20 (Figure: Understanding Surplus and...

Question

Question

Answer 1

Answer #1

Efficient level of output occurs where demand and supply meets because it is called efficiency.

At efficiency ,demand that is generated by the consumer is exactly meet by the the producers supply .

So in the demand and supply curve given above they intersect at the quantity of 10 units.

the answer is option C

Answer 2

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