At equilibrium,quantity sold equals the quantity bought.This implies that
A) to sell more, producers require more in payment than consumers are willing to pay.
B) government regulation is necessary.
C) to sell less would require a lower price but would yield greater profit.
D) those who don't buy have been treated unfairly.

Question

Quizplus · Accepted Answer

At equilibrium, the market is perfectly balanced, meaning that the quantity demanded by consumers is equal to the quantity supplied by producers. This indicates that producers are willing to sell at a price that consumers are willing to pay. If producers want to sell more than the quantity demanded by consumers, they would need to lower the price to incentivize consumers to buy more. Similarly, if consumers want to buy more than the quantity supplied by producers, they would need to offer a higher price to incentivize producers to supply more. Therefore, to sell more, producers would require a higher price than consumers are willing to pay, not lower. Government regulation is not necessary at equilibrium, and selling less typically reduces profit. Those who choose not to buy are not necessarily treated unfairly as they have the choice to buy or not to buy at the given price.

At Equilibrium,quantity Sold Equals the Quantity Bought