For equilibrium market, the condition is____ A)Demand supply B)demand

Name: For equilibrium market, the condition is____ A)Demand > supply B)demand <supply C)demand = supply D)None of these
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Question

For equilibrium market, the condition is____
A)Demand > supply
B)demand <supply
C)demand = supply
D)None of these

Quizplus · Accepted Answer

For an equilibrium market, the condition is that demand equals supply, meaning the quantity demanded by consumers at a certain price level is equal to the quantity supplied by producers, leading to market equilibrium.

For Equilibrium Market, the Condition Is____