Q743
Suppose, there is a situation where two individuals are engaged in exchange and if individual 1 is a price-maker and individual 2 is a price-taker, equilibrium
A.
takes place on the offer curve of individual 1
AnswerB.
takes place on the offer curve of individual 2
C.
takes place at the intersection point of the two offer curves
D.
is indeterminate
Answer: Option A
Solution
Answer: Option A
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