question archive If the market price is equal to the equilibrium price, A
If the market price is equal to the equilibrium price, A
Subject:MarketingPrice:2.88 Bought3
If the market price is equal to the equilibrium price,
A. there is a surplus.
B. there is a shortage.
C. there is neither a surplus nor a shortage.
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If the market price is equal to the equilibrium price C. there is neither a surplus nor a shortage.
If the market price is equal to the equilibrium price, the quantity demanded will be equal to the quantity that sellers are supplying at that price and thus, there is neither a surplus of the good nor a shortage in the market.
