What does the equilibrium of supply and demand in a market do
A)It maximizes the prices at which producers are willing to sell.
B)It minimizes the prices that consumers are willing to pay.
C)It produces both an efficient and equitable market outcome.
D)It maximizes the total benefits received by buyers and sellers.

Question

Quizplus · Accepted Answer

The equilibrium of supply and demand in a market maximizes the total benefits received by both buyers and sellers, as it determines the price and quantity at which both are willing to participate in the market. This leads to a mutually beneficial outcome and a more efficient allocation of resources. Therefore, choice D is the best option.

What Does the Equilibrium of Supply and Demand in a Market