The equilibrium point represents the only price-quantity combination in a market that
a. causes both buyers and sellers to agree to a price increase
b. causes both buyers and sellers to agree to a price decrease
c. exactly matches the independent plans of buyers and sellers
d. allows buyers to purchase what they want
e. allows sellers to earn a profit
C
Economics
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Market failure occurs when no individual has the ability to substantially influence market prices
a. True b. False Indicate whether the statement is true or false
Economics
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Economics