Quantity demanded is equal to quantity supplied, at the equilibrium price.

Name: Quantity demanded is equal to quantity supplied, at the equilibrium price.
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Question

Quizplus · Accepted Answer

At equilibrium, the market has reached a balance between the quantity of goods or services that consumers want to buy and the quantity that producers want to sell at a specific price. This means that the quantity demanded is exactly equal to the quantity supplied, and there is no excess or shortage of goods in the market.

Quantity Demanded Is Equal to Quantity Supplied, at the Equilibrium