Examlex
Match each definition that follows with the term (a-e) it defines.
-Earned by profit centers
Equilibrium Price
The cost at which the supply and demand for goods are equal.
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price in a specified period.
Quantity Supplied
The quantity of a service or good that is available for sale by producers who are ready and able to sell at a particular price, over an agreed period.
Quantity Demanded
The cumulative total of a good or service that customers intend and can afford to buy at a set price level.
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