A Product Can Be Expressed in Two Words, a Verb

question 13

True/False

A product can be expressed in two words, a verb and an object.

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Definitions:

Equilibrium Price

The price at which the quantity of goods supplied is equal to the quantity of goods demanded; also known as market-clearing price.

Equilibrium Quantity

At the market equilibrium price, the amount of goods or services available matches the amount that is demanded.