Which of the following is the BEST way to describe equilibrium in a market? At equilibrium, the
A) quantity supplied equals the quantity demanded.
B) price is the lowest possible.
C) price is usually affordable to most people.
D) supply and demand curves can never shift again.
Correct Answer:
Verified
Q129: Which of the following shifts the demand
Q130: When the price is below the equilibrium
Q131: When the price of a good falls,
Q132: Q133: If the quantity of textbooks supplied is Q136: Q137: If technological advances lower the cost of Q138: If the price of a movie download Q139: Which of the following raises the equilibrium Q373: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents![]()
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