Question

When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached?

Answer 1

C. EQUILIBRIUM is the condition that has been reached when the buyers will purchase exactly as much as sellers are willing to sell.

Market equilibrium is the market state where the supply in the market is equal to the demand in the market. The price of goods or services in this state is called equilibrium price or market-clearing price. The quantity of goods in this state is called the equilibrium quantity.