When the quantity demanded and quantity supplied in a market are equal, the market is said to be in
A) fixation.
B) excess supply.
C) equilibrium.
D) excess demand.

Name: When the quantity demanded and quantity supplied in a market are equal, the market is said to be in A) fixation. B) excess supply. C) equilibrium. D) excess demand.
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Question

Quizplus · Accepted Answer

The market is in equilibrium when the quantity demanded equals the quantity supplied, meaning there is no excess supply or demand.

When the Quantity Demanded and Quantity Supplied in a Market