When quantity supplied equals quantity demanded, there is:

Name: When quantity supplied equals quantity demanded, there is:
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Question

When quantity supplied equals quantity demanded, there is: ​

Quizplus · Accepted Answer

When quantity supplied equals quantity demanded, it means that there is no excess quantity supplied or demanded in the market. This situation is called a market-clearing price or equilibrium price, where the supply and demand curves intersect. At this price, buyers are willing to buy exactly the same amount that sellers are willing to sell, leading to a balance in the market.

When Quantity Supplied Equals Quantity Demanded, There Is: ​

When Quantity Supplied Equals Quantity Demanded, There Is: