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A(n)_____ Is a Subgroup of Individuals or Organizations Sharing One

question 21

Multiple Choice

A(n) _____ is a subgroup of individuals or organizations sharing one or more characteristics that cause them to have similar product needs.


Definitions:

Equilibrium Price

The equilibrium price is the market price at which the quantity of goods supplied equals the quantity demanded, leading to a balance in the market.

Market

A space or system in which parties engage in exchange, buying and selling goods and services.

Price

The monetary total projected, essential, or disbursed as payment for an item.

Equilibrium Price

The price in the market where the amount of goods available matches the amount of goods people want to buy.

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