At the equilibrium price:

Question

Quizplus · Accepted Answer

At the equilibrium price, the quantity demanded equals the quantity supplied, which means that all buyers who are willing to pay the equilibrium price are able to buy what they want, and all sellers who are willing to sell at that price can sell what they have. Thus, everyone in the market has been satisfied. There is no shortage or surplus at the equilibrium price, and there is no incentive for firms to increase production or for buyers to buy more, as they are already getting what they want at the price they are willing to pay.

At the Equilibrium Price