If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________.

Name: If the price of a CD is equal to the equilibrium price, there will be ________ of CDs and the price will ________.
Brand: Quizplus
Rating: 4.7 (56 reviews)

Question

Quizplus · Accepted Answer

At the equilibrium price, the quantity of CDs supplied equals the quantity demanded, resulting in neither a surplus nor a shortage, and the price remains stable.

If the Price of a CD Is Equal to the Equilibrium