At market equilibrium,
A)demand equals supply.
B)quantity demanded equals quantity supplied.
C)surpluses are greater than shortages.
D)shortages are greater than surpluses.

Question

Quizplus · Accepted Answer

At market equilibrium, the quantity of the good or service demanded by consumers is equal to the quantity supplied by producers, also known as the point where demand and supply curves intersect. Therefore, the correct answer is that quantity demanded equals quantity supplied, which is only described in Option B.

At Market Equilibrium