Market Equilibrium Is Determined by

question 59

Multiple Choice

Market equilibrium is determined by

• A)the producers in the market.
• B)the largest consumers in the market.
• C)all producers and consumers together.
• D)the consumers in the market.
• E)the largest firms in the market.

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Definitions:

Prize

A reward given for a specific achievement or win in a competition.

Earn

To receive payment in return for work or services provided, or to gain money or profit through investment or business activities.

Car Loan

A financial loan that consumers use specifically to buy a new or used car, typically secured against the car itself.

Interest Rate

The interest rate is the percentage of the loan amount that lenders charge borrowers as interest, usually represented as an annual percentage of the remaining loan balance.