Market forces are in balance (equilibrium) when the quantities demanded by consumers just equal quantities supplied by producers.

Name: Market forces are in balance (equilibrium) when the quantities demanded by consumers just equal quantities supplied by producers.
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Question

Quizplus · Accepted Answer

This statement is true. At equilibrium, there is no excess supply or demand in the market, which means the price is stable and there is no pressure for it to increase or decrease.

Market Forces Are in Balance (Equilibrium) When the Quantities Demanded