When a market is in equilibrium,
A) supply equals demand.
B) the number of buyers equals the number of sellers.
C) firms are producing the maximum quantity possible given the existing technology.
D) there is neither a surplus nor a shortage.
E) the quantity supplied is greater than or equal to the quantity demanded.
Correct Answer:
Verified
Q90: Complete the following sentence.A surplus
A)is the amount
Q92: Which one of the following correctly describes
Q92: The price of a good will tend
Q93: Q94: A shortage will exist if Q96: Consider a graph that shows an upward- Q97: When a shortage occurs, there is a
A)there are not
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