Examlex
Which of the following does NOT characterize what happens at the equilibrium quantity of GDP demanded?
Supply
The total amount of a good or service available for purchase by consumers at a given price level and time.
Equilibrium Quantity
The quantity of a good or service at which the quantity demanded equals the quantity supplied at the market price.
Demand
The consumer's desire and willingness to pay for a product or service at a specific price.
Supply
The total amount of a good or service that is available for purchase at any given price point.
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