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The point at which the quantity demanded equals the quantity supplied is:
AEquivalence
BEquanimity
CEquitability
DEquilibrium
Answer & Solution
Correct answer: D. Equilibrium
1. Buyers and sellers agree at this point.
2. Neither surplus nor shortage remains.
3. It is equilibrium.
_Source: OpenStax Introduction to Business, Chapter 1, Understanding Economic Systems and Business._
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