At the equilibrium price,there are
A)Shortages.
B)Surpluses.
C)Excess inventories.
D)No shortages or surpluses.

Question

Quizplus · Accepted Answer

At equilibrium, the quantity supplied meets the quantity demanded, meaning there is no shortage or surplus of the good. The market is in balance, and prices and quantities will remain stable until there is a shift in either demand or supply. Therefore, there are no excess inventories or shortages at the equilibrium price.

At the Equilibrium Price,there Are