When the quantity demanded equals quantity supplied

Name: When the quantity demanded equals quantity supplied
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When the quantity demanded equals the quantity supplied, this is known as market equilibrium. This means that there is no excess supply or demand, and the market is naturally balanced. Therefore, there is neither a surplus nor a shortage, and government intervention in the market may or may not be present, depending on the specific circumstances.

When the Quantity Demanded Equals Quantity Supplied