question archive When quantity demanded in a market equals quantity supplied, then the: a) equilibrium price is less than expected by buyers
When quantity demanded in a market equals quantity supplied, then the: a) equilibrium price is less than expected by buyers
Subject:MarketingPrice:2.88 Bought3
When quantity demanded in a market equals quantity supplied, then the:
a) equilibrium price is less than expected by buyers.
b) market is in temporary disequilibrium.
c) market is in equilibrium.
d) market will not clear without further price adjustments.
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
- The correct answer is: c) market is in equilibrium.
When the quantity demanded is equal to the quantity supplied, the sellers receive a price equal to the price the consumers pay. Thus, the market is in equilibrium.
