If equilibrium is present in a market:
A) there is either a shortage or a surplus.
B) the quantity demanded equals quantity supplied.
C) the quantity demanded exceeds quantity supplied.
D) the quantity supplied exceeds quantity demanded.

Question

Quizplus · Accepted Answer

Equilibrium is the point in a market where the quantity of goods supplied and the quantity demanded are equal. This means that there is no shortage or surplus in the market.

If Equilibrium Is Present in a Market