After Conducting an Inventory,a Music Retailer Determines That Higher-Priced CDs

Multiple Choice

After conducting an inventory,a music retailer determines that higher-priced CDs are still sitting on the shelves.To move product off the shelves,management decides to price CDs at the point at which the demand curve and the supply curve intersect.This price is known as the ________.

A) parity point
B) equilibrium price
C) parity price
D) breakeven point