Which of the following statements is true of the equilibrium price of a good?
a. The equilibrium price of a good is the price where the quantity demanded of the good is equal to the supply of the good.
b. The equilibrium price of a good is the price where the quantity demanded of the good is equal to the quantity supplied of the good.
c. The equilibrium price of a good is the price where the demand for the good is equal to the supply of the good.
d. The equilibrium price of a good is the price where the demand for the good is equal to the quantity supplied of the good.
b
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What will be an ideal response?
Most voters will likely be concerned with
a. most issues since most issues have some impact, however slight, on each citizen. b. only a few special issues (those that exert the most impact on the voters' personal welfare). c. most issues since information on most issues can be obtained at a low cost. d. the views of a particular political candidate on all issues.