If the market for Twinkies is in equilibrium,then

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Quizplus · Accepted Answer

In market equilibrium, the quantity of Twinkies supplied by producers is exactly equal to the quantity demanded by consumers at the prevailing market price. This means that there is no excess supply or excess demand for Twinkies, and the market is in a state of balance. Therefore, choice D is correct. Choices A, B, and C are incorrect because they make assumptions about the nature of demand or supply, which may or may not be true in a given market. Choice E is also incorrect because it makes a sweeping generalization about the future prospects of the Twinkie market, which cannot be determined solely on the basis of market equilibrium.

If the Market for Twinkies Is in Equilibrium,then