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What are equilibrium price and equilibrium quality? Question 1Select one: a. Equilibrium price is the informal market price for a good/service between buyers/sellers. Equilibrium quality

What are equilibrium price and equilibrium quality? Question 1Select one: a. Equilibrium price is the informal market price for a good/service between buyers/sellers. Equilibrium quality is the limited volume of the good/service sold at the equilibrium price in the market. b. Equilibrium price is the informal market price for a good/service between buyers/sellers. Equilibrium quality is the limited volume of the good/service sold at the equilibrium price in the market. Equilibrium price is the approved market price for a good/service between buyers/sellers. Equilibrium quality is the total volume of the good/service sold at the equilibrium price in the market. c. Equilibrium price is the official market price for a good/service between buyers/sellers. Equilibrium quality is the partial amount of the good/service sold at the equilibrium price in the market. d. None of the above

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