Suppose the market for wheat is in equilibrium. Which of the following is most likely to be true at the equilibrium price?
A) The demand curve for wheat will intersect the supply curve of wheat at a minimum of two points.
B) Sellers will not be willing to supply the quantity of wheat that buyers want to buy.
C) The quantity demanded of wheat will be equal to the quantity of wheat supplied.
D) No trades will take place in the market.

Question

Quizplus · Accepted Answer

At the equilibrium price, the quantity demanded by consumers equals the quantity supplied by producers, meaning the market clears without any surplus or shortage.

Suppose the Market for Wheat Is in Equilibrium