When a market is in equilibrium:(a) No shortages exist.(b) Quantity demanded equals quantity supplied.(c) A price is established that clears the market.(d) All of the above are correct.
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In an equilibrium based market, the quantity demanded is equal to the quantity supplied. This is because at equilibrium level demand and supply forces tend to be equal.
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When a market is in equilibrium, the quantity demanded equals the quantity supplied
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