A market in equilibrium would feature
A) excess supply.
B) unexploited opportunities.
C) excess demand.
D) wild variation in price.
E) no tendency to change.

Question

Quizplus · Accepted Answer

A market in equilibrium is one where the quantity demanded is equal to the quantity supplied at a particular price level. This means there is no excess supply or excess demand in the market. In other words, the market is balanced, and there is no tendency for the price to change unless there is a shift in demand or supply. Therefore, the correct choice is E, "no tendency to change."

A Market in Equilibrium Would Feature