At market-clearing prices, neither consumers nor businesses are kicking themselves.

Name: At market-clearing prices, neither consumers nor businesses are kicking themselves.
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

Market-clearing prices are those at which the quantity demanded equals the quantity supplied. At this price, both consumers and businesses are able to transact without feeling like they have missed out on a better deal. Therefore, neither group would have a reason to kick themselves.

At Market-Clearing Prices, Neither Consumers nor Businesses Are Kicking Themselves