The Equilibrium Price Is Often Considered to Be "Just Right

question 2

Multiple Choice

The equilibrium price is often considered to be "just right" because:

• A) it equates the amount supplied with the amount demanded.
• B) it does not result in a shortage.
• C) it does not result in a surplus.
• D) of all of the above.

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Definitions:

Deducted

To subtract an amount from a total, often related to expenses or taxable income.

Bank

A financial institution licensed to receive deposits and make loans, in addition to offering various other financial services.

Electronic Funds Transfer

A digital transaction method where money is transferred from one account to another without the physical exchange of cash.

Drawer

A compartment for holding or storing items, or in financial terms, the person who writes a bill of exchange or check.