The Point at Which the Supply Curve and the Demand

question 164

Multiple Choice

The point at which the supply curve and the demand curve intersect on a graph is referred to as the ________.

• A) equilibrium price
• B) decision point
• C) surplus price
• D) perfect price

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Definitions:

Behavioral Consistency

The tendency for people to behave in the same way in different situations, reflecting the stable traits or dispositions of their personality.

Personality

The amalgamation of traits or attributes that create a person's unique character and ways of behaving.

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship as a way to uncover unconscious thoughts and feelings.

Reality

The state of things as they actually exist, outside of individual perceptions or interpretations.