The medieval notion of the "just price" was
A) a price that would allow the seller to accumulate a modest amount of material wealth.
B) a price that would compensate the seller for his efforts in transporting the good, finding a buyer and allow him to maintain his customary station in life.
C) a price that would guarantee enough profits to encourage further production.
D) a price that represented an equality between quantity demanded and quantity supplied.
Correct Answer:
Verified
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