Gigiwidgets Are an Incredibly Popular New Toy

Multiple Choice

Gigiwidgets are an incredibly popular new toy. When they initially hit the market, they were very hard to find, especially as demand grew. Over the past few months, the supply has increased, and the demand has decreased to the point where they are equal. This example best demonstrates the concept of

A) market price.
B) price sovereignty.
C) price deflation.
D) contraction price.
E) price inflation.