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________ involves rejection of both the goals of society and accepted means of achieving them.
Equilibrium Point
Point at which quantity demanded equals quantity supplied; where demand and supply curves cross.
Equilibrium Price
The cost at which the amount of a product supplied matches the amount of the product desired.
Equilibrium Quantity
The supply of goods or services meets the demand at the market's equilibrium price.
Equilibrium Price
The price point at which the quantity of goods supplied equals the quantity of goods demanded, leading to a stable market condition.
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