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The Equilibrium Point Represents the Only Price-Quantity Combination in a Market

Question 22

Multiple Choice

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 positive profit.

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