Question: The equilibrium point represents the only price-quantity combination in a market that _____ a. maximizes the total utility of all buyers. b. allows sellers to

The equilibrium point represents the only price-quantity combination in a market that _____

a.

maximizes the total utility of all buyers.
b.

allows sellers to earn a positive profit.
c.

causes both buyers and sellers to agree to a price decrease.
d.

causes both buyers and sellers to agree to a price increase.
e.

exactly matches the independent plans of buyers and sellers.

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