The price at which the amount consumers wish to purchase equals the amount firms wish to sell is called the

Name: The price at which the amount consumers wish to purchase equals the amount firms wish to sell is called the
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Question

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The price at which the amount consumers wish to purchase equals the amount firms wish to sell is known as the equilibrium price. This is the price point where the market is in balance, and there is no excess supply or demand. Therefore, the optimal choice is B.

The Price at Which the Amount Consumers Wish to Purchase