What is reached when demand and supply are balanced so that both the amount of products sold and the market price are under no pressure to change?
A)Supply and demand curve
B)Market equilibrium
C)The production possibilities curve
D)The opportunity costs

Question

Quizplus · Accepted Answer

Market equilibrium is reached when demand and supply are balanced so that both the amount of products sold and the market price are under no pressure to change.
Key Takeaway: Basically, the market equilibrium price is reached when the quantity demanded (noted as Qd) is equal to the quantity that is supplied (Qs). Because these are equal, there is no surplus or shortage of goods that would lead to a change in price.

What Is Reached When Demand and Supply Are Balanced So