Which of Following Is NOT True of the Equilibrium Price

question 41

Multiple Choice

Which of following is NOT true of the equilibrium price?

• A)Buyers who are willing to pay the equilibrium price can acquire the good.
• B)It measures the value of the last unit sold to consumers.
• C)It is fair in the sense that everyone can afford basic goods and services.
• D)Sellers who are willing to accept the equilibrium price can sell what they produce.

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Definitions:

Organic Product

A compound or substance that is the result of an organic chemical reaction.