The Equilibrium Point Represents the Only Price-Quantity Combination in a Market

question 166

Multiple Choice

The equilibrium point represents the only price-quantity combination in a market that

• A)causes both buyers and sellers to agree to a price increase
• B)causes both buyers and sellers to agree to a price decrease
• C)exactly matches the independent plans of buyers and sellers
• D)allows buyers to purchase what they want
• E)allows sellers to earn a profit

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