Page 1: Question 29 (2 points) 1 2 3 Identify which of the following BEST reflects the concept of market equilibrium: 4 5 6 The point where producers get the most revenue for the the goods or services they offer 8 9 The point where everyday consumers get the best price for the products offered 10 11 12 The point where price and production is optimized for both producers and consumers. 13 14 15 The point where everyone has equal income and has no limitations in spending his or her money. 16 17 18 Question 30 (1 point) At which time all the factors of production may be changed ? 19 20 21 O All the three 22 23 24 Long run 25 26 27 Short run Very Long run