Question

True or false? The point at which the quantity buyers are willing and able to purchase equals the quantity sellers will offer for sale is called the quantity price.

Answer 1

Answer:

False

Explanation:

The point at which the quantity buyers are willing and able to purchase equals the quantity sellers will offer for sale is called Equilibrium price.

Typically, when there is an overflow of goods and services, the prices go down, but demand increases. The equilibrium state is the point of balance between demand and supply.