menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Business in Action
  4. Exam
    Exam 2: Understanding Basic Economics
  5. Question
    The Point at Which Quantity of a Good or Service
Solved

The Point at Which Quantity of a Good or Service

Question 38

Question 38

True/False

The point at which quantity of a good or service equals the quantity demanded is known as the equilibrium point.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q6: Demand curves typically slope downward.This implies that

Q9: Which of the following refers to people

Q30: A business owner has to decide whether

Q32: _ is the study of how a

Q34: When the number of competitors in a

Q46: Compare and contrast between trade-offs and opportunity

Q70: GDP considers who is responsible for the

Q73: _ policy involves adjusting the nation's money

Q84: Inflation is a major concern for consumers,businesses,and

Q90: The demand curve will shift to the

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines