At the equilibrium price
A)only sellers who value the product more than the equilibrium price would be willing to sell
B)only buyers who value the product less than the equilibrium price would be willing to buy
C)only buyers who value the product more than the equilibrium price would be willing to buy
D)None of the parties would be willing to trade

Question

​At the equilibrium price
A)​only sellers who value the product more than the equilibrium price would be willing to sell
B)only buyers who value the product less than the equilibrium price would be willing to buy
C)only buyers who value the product more than the equilibrium price would be willing to buy
D)​None of the parties would be willing to trade

Quizplus · Accepted Answer

At the equilibrium price, the quantity demanded by buyers is equal to the quantity supplied by sellers. Only those buyers who value the product more than the equilibrium price would be willing to buy because they see it as a good deal. On the other hand, only those sellers who value the product less than the equilibrium price would be willing to sell because they can make a profit selling it. Therefore, the correct answer is C, where only buyers who value the product more than the equilibrium price would be willing to buy.

​At the Equilibrium Price

At the Equilibrium Price