Which of the following best describes a market in equilibrium?
Choose 1 answer:
(A) At the current quantity, buyers are willing to pay more than sellers receive.
(B) At the current price, quantity supplied equals quantity demanded.
(c) At the current quantity, the price sellers charge is more than what buyers are willing to pay.
(D) At the current price, quantity supplied is greater than quantity demanded.
(E) At the current price, quantity supplied is less than quantity demanded.

Question

Which of the following best describes a market in equilibrium?
Choose 1 answer:
(A) At the current quantity, buyers are willing to pay more than sellers receive.
(B) At the current price, quantity supplied equals quantity demanded.
(c) At the current quantity, the price sellers charge is more than what buyers are willing to pay.
(D) At the current price, quantity supplied is greater than quantity demanded.
(E) At the current price, quantity supplied is less than quantity demanded.

Accepted Answer

***B*** ∻Key Concept∻ ⚹Market Equilibrium⚹ ∻Explanation∻ ⚹Market equilibrium occurs when the quantity supplied equals the quantity demanded at a given price.⚹◊What is the formula for calculating market equilibrium in economics?⍭ Generate me a similar question◊

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