When a market is in equilibrium, one will find that the:
A)quantity demanded is equal to zero.
B)quantity demanded is equal to quantity supplied.
C)quantity demanded is greater than quantity supplied.
D)quantity supplied is zero.

Question

Quizplus · Accepted Answer

In a market equilibrium, the quantity demanded by consumers is equal to the quantity supplied by producers. This means that buyers and sellers are both satisfied with the prevailing market price and there is no shortage or surplus of the good or service being traded. Therefore, option B "Quantity demanded is equal to quantity supplied" is the correct answer.

When a Market Is in Equilibrium, One Will Find That