The Point at Which Buyers and Sellers "Agree" on the Quantity

question 55

Multiple Choice

The point at which buyers and sellers "agree" on the quantity of a good they are willing to exchange at a given price is called:

• A) equilibrium.
• B) optimization.
• C) maximization.
• D) market collapse.

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Definitions:

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Lajos Kossuth

A Hungarian lawyer, journalist, politician, statesman, and key figure in the Hungarian Revolution of 1848 against Austrian rule.

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