where the demand curve and the supply curve cross each other; where the supply curve begins and the demand curve ends

excess supply; They should fall.

Determining Market Price Answers

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[___]

equilibrium

excess supply

excess demand

[___]

equilibrium

surplus

shortage

Use the information presented in the curve to answer the following question.What is the equilibrium price for the product?$25$20$15$10

$25

$20

$15

$10

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