Equilibrium Exists at the Point Where

question 160

Multiple Choice

Equilibrium exists at the point where:

• A) quantity supplied equals quantity demanded.
• B) buyers and sellers "agree" on the quantity of a good they are willing to exchange at all prices.
• C) willingness to pay is maximized.
• D) every buyer and seller achieve their best possible outcome.

---

Definitions:

Achieve Target

The act of successfully reaching or accomplishing specific goals or objectives that have been set.

Consensus Decision

A group decision-making process that seeks unanimous agreement among all participants.

Team Members

Individuals who belong to a group working together towards a common goal, sharing responsibilities, and contributing their skills and efforts.

Optimum Achievement

Achieving the best or most favorable outcome within given constraints or conditions.