At the market equilibrium price, A. quantity demanded equals quantity supplied. B. demand equals supply. C. everyone can buy th

Question

horsena [70]

2 years ago

12

At the market equilibrium price, A. quantity demanded equals quantity supplied. B. demand equals supply. C. everyone can buy th

e product. D. quantity and price are equal.

Social Studies

1 answer:

xenn [34] · Answer 1 · 2022-03-16T12:16:22+03:00

Answer:

Option (A) is correct.

Explanation:

Market equilibrium refers to the equilibrium where the demand and supply curve intersect each other. At this intersection point, the quantity supplied of a product and quantity demanded for a product are equal corresponding to a market equilibrium price.

At this point, the demand and supply of the goods are equal.

At the market equilibrium​ price, A. quantity demanded equals quantity supplied. B. demand equals supply. C. everyone can buy th

At the market equilibrium price, A. quantity demanded equals quantity supplied. B. demand equals supply. C. everyone can buy th