In marketing, supply and demand interact to create a(n) _____price-the price at which buyers are willing to purchase the amount that sellers are willing to sell.
A) equilibrium
B) gross domestic
C) optimal
D) consumer

Question

Quizplus · Accepted Answer

The concept described in the question is that of equilibrium price, which is the point at which supply and demand intersect. At this price, the quantity of a good that consumers are willing to buy equals the quantity that producers are willing to supply, creating a balance in the market. Therefore, the correct answer is A) equilibrium.

In Marketing, Supply and Demand Interact to Create A(n) _____Price-The