Which of the following is the best way to describe equilibrium in a market? At equilibrium, the

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At equilibrium, the quantity supplied is exactly equal to the quantity demanded. This means that the market is in a state of balance where there are no excess supplies or shortages. The price at which this occurs can vary depending on the specific conditions of the market, but it is the point where the supply and demand curves intersect. It is also important to note that equilibrium is not a permanent state, as shifts in supply and demand can occur at any time and disrupt the balance.

Which of the Following Is the Best Way to Describe