The _______ is the quantity where quantity demanded and quantity supplied are equal at a certain price.
A) quantity demanded
B) equilibrium quantity
C) demand schedule
D) supply schedule

Question

Quizplus · Accepted Answer

The equilibrium quantity is the point where the quantity demanded by consumers equals the quantity supplied by producers, establishing a market price where the product's supply and demand balance.

The _______ Is the Quantity Where Quantity Demanded and Quantity