Suppose Vietnam can produce 30 tons of rice or 20 tons of chicken per month. Laos can produce 20 tons of rice or 16 tons of chicken per month. The two countries agree to specialize in the good that they have a comparative advantage in and trade. They agree to trade 15 tons of rice for 11 tons of chicken. How much rice and chicken will Vietnam consume

Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.