Solved

In a Market, at the Equilibrium Price

Question 136

Multiple Choice

In a market, at the equilibrium price,


A) buyers are paying the minimum price they are willing to pay for any amount of output and sellers are charging the maximum price they are willing to charge for any amount of production.
B) neither buyers nor sellers can do business at a better price.
C) buyers are willing to pay a higher price, but sellers do not ask for a higher price.
D) None of the above is true.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents