An Equilibrium Price Can Be Described as

question 31

Multiple Choice

An equilibrium price can be described as

• A)one at which there is neither excess demand or supply.
• B)the price at which excess demand equals excess supply.
• C)an aggregate price.
• D)the final price.
• E)a regulated price

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Definitions:

Wants And Needs

Describes the requirements and desires of individuals or groups, serving as a fundamental concept in marketing and psychology.

Writer's Needs

The requirements or conditions necessary for an author to produce effective and efficient written communication, including a clear purpose and understanding of the audience.

Good Writing

Writing that is clear, concise, engaging, and appropriate for its intended audience and purpose.

Reader's Point Of View

The perspective from which the reader approaches or interprets the content of a text.