When a market equilibrium is achieved,
A)those who are willing to pay the most for the good obtain it.
B)government regulation will have succeeded.
C)anyone who has the skills to produce the good sells some.
D)shortages and surpluses become minor.
E)anyone who is willing to pay anything for the good obtains it.

Question

Quizplus · Accepted Answer

In a market equilibrium, the quantity demanded equals the quantity supplied, and those willing to pay the equilibrium price obtain the good, typically those who value it most.

When a Market Equilibrium Is Achieved