When a market is in equilibrium,
A)there is neither a surplus nor a shortage.
B)the number of buyers equals the number of sellers.
C)firms are producing the maximum quantity possible given the existing technology.
D)supply equals demand.
E)the quantity supplied is greater than or equal to the quantity demanded.

Question

Quizplus · Accepted Answer

The Answer of When a market is in equilibrium,
A)there is neither a surplus nor a shortage.
B)the number of buyers equals the number of sellers.
C)firms are producing the maximum quantity possible given the existing technology.
D)supply equals demand.
E)the quantity supplied is greater than or equal to the quantity demanded.

When a Market Is in Equilibrium