Register
What is the term that describes when the amount of goods produced is about the same as the number of consumers who are willing to buy the product? O A. Equilibrium point O B. Supply O C. Demand D. Risk
147k views
3 votes
What is the term that describes when the amount of goods produced is about the same as the number of consumers who are willing to buy the product? O A. Equilibrium point O B. Supply O C. Demand D. Risk​

User SeanHehir
by
4.9k points

1 Answer

5 votes

Answer:

Equilibrium point

An optimum position of a market price that generates the equal amount on demand and supply for a product or service

User Johnny Wey
by
4.0k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.8m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Everyone has a unique spending plan. Which of the following factors has the greatest effect on a person's spending decisions?
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
The method of appraisal in which the appraiser estimates the replacement cost of the building, deducts depreciation, and adds the value of the site is:________
The Yum and Yee food truck near the business school serves customers during lunch hour by taking orders and making fresh batches of stir-fry. Customers have only one choice during the lunch hour so that
Link Copied!