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QUESTION IMAGE

price that both suppliers produce the same quantity as the amount buyer…

Question

price that both suppliers produce the same quantity as the amount buyers demand will result in

a loss of business profits

a shortage

a surplus

every unit produced being sold

Explanation:

Brief Explanations

When suppliers produce the same quantity as buyers demand, it is a state of equilibrium. In equilibrium, there is neither a shortage (where demand exceeds supply) nor a surplus (where supply exceeds demand), and every unit produced is likely to be sold as the quantity supplied matches the quantity demanded. This does not necessarily mean a loss of business profits as costs and revenues at this equilibrium - price are not specified.

Answer:

every unit produced being sold