FIGURE PPT 10-3 in Figure PPT 10-3 Above, Item

question 486

Multiple Choice

FIGURE PPT 10-3 In Figure PPT 10-3 above, item 1 points to the ____.

• A) print slide symbol
• B) print slide icon
• C) comment symbol
• D) comment icon

---

Definitions:

Market Equilibrium

The condition in which a market's supply and demand balance each other, and as a result, prices become stable.

Consumer Surplus

The gap between the aggregate sum consumers can and are willing to spend on a good or service versus the amount they really spend.

Equilibrium

The state in which market supply and demand balance each other, resulting in stable prices and quantities.

Market Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and quantities.