The equilibrium point is where the quantity and price that sellers are willing to offer are greater than the quantity and price that buyers are willing to accept.

Name: The equilibrium point is where the quantity and price that sellers are willing to offer are greater than the quantity and price that buyers are willing to accept.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

The equilibrium point is where the quantity and price that buyers are willing to accept are equal to the quantity and price that sellers are willing to offer.

The Equilibrium Point Is Where the Quantity and Price That