When a good is sold at its equilibrium price, the seller is not engaged in a voluntary exchange.

Name: When a good is sold at its equilibrium price, the seller is not engaged in a voluntary exchange.
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Question

Quizplus · Accepted Answer

At equilibrium price, both the buyer and seller are engaged in a voluntary exchange, as the price reflects the balance of supply and demand where both parties agree to the transaction.

When a Good Is Sold at Its Equilibrium Price, the Seller