When a market is in equilibrium, _____.
A) the quantity supplied is equal to the quantity demanded
B) the number of sellers is equal to the number of buyers
C) buyers' willingness to demand is high
D) the seller faces high production costs

Question

Quizplus · Accepted Answer

In a market equilibrium, the quantity of goods supplied by sellers matches the quantity demanded by buyers, ensuring that the market clears without surplus or shortage. Choices B, C, and D do not define market equilibrium.

When a Market Is in Equilibrium, _____