The market equilibrium is found at the:

Question

Quizplus · Accepted Answer

The market equilibrium, also known as the market clearing price, is the point where the quantity of a good or service demanded by buyers equals the quantity supplied by producers. This is the only point where the market is in balance, so the correct answer is B, where quantity demanded equals quantity supplied. The other options describe situations where the market is not in balance, either because demand exceeds supply (A) or supply exceeds demand (C), or because the price is too high to generate any transactions (D).

The Market Equilibrium Is Found at The