When a market is in equilibrium,

Name: When a market is in equilibrium,
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At equilibrium, the quantity supplied and quantity demanded are equal, meaning there is no excess of supply or demand. This results in no shortages or surpluses at the equilibrium price, which is the point where the supply curve intersects with the demand curve. A and D are not necessarily true in a market equilibrium, and while B may be true in some cases, it is not a defining characteristic of a market in equilibrium.

When a Market Is in Equilibrium