Which of the following best describes the concept of "equilibrium price"? sellers are happy with the price, but buyers are unhappy with the quantity. sellers are unhappy with the price, but buyers are happy with the quantity. both sellers and buyers are unhappy with the price and quantity. both sellers and buyers are happy with the price and quantity.

Adescription of at least one real life problem that has to be solved or decision that has to be made using good judgment, and obstacles encountered while making the decision(s) or solving the problem(s) (again, these can be real examples or imagined, but they should clearly illustrate your understanding of the obstacles described.) at least three key terms from the lesson used in your example(s):