Market equilibrium comes at the price which quantity demanded equals quantity supplied.

Question

Quizplus · Accepted Answer

Market equilibrium is achieved when the demand for a product or service equals the supply of that product or service. At this stage, the market is considered to be in a state of balance, where both buyers and sellers are satisfied with the prevailing price. Therefore, the statement "Market equilibrium comes at the price which quantity demanded equals quantity supplied" is true.

Market Equilibrium Comes at the Price Which Quantity Demanded Equals