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Tamiku [17]
3 years ago
8

When quantity supplied equals quantity demanded, there is a(n): a. equilibrium, and the price will not change. b. surplus, and t

he price will fall. c. shortage, and the price will rise. d. equilibrium, and the price may rise or fall.

Business
1 answer:
padilas [110]3 years ago
4 0

Answer:

a. equilibrium, and the price will not change

Explanation:

At equilibrium, quantity supplied equals quantity demanded. There is no incentive for prices to change.

Above the equilibrium price, there is a surplus, and the price will fall.

Below the equilibrium price, there is a shortage and prices would rise.

I hope my answer helps you

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