Which outcome is NOT derived from market equilibrium
A)The price determines which buyers and sellers participate in the market.
B)Those buyers who value the good more than the price choose to buy the good.
C)Those sellers whose costs are less than the price choose to produce and sell the good.
D)Consumer surplus must be equal to producer surplus.

Question

Quizplus · Accepted Answer

Consumer surplus and producer surplus do not have to be equal in a market equilibrium. They represent benefits that accrue to buyers and sellers respectively and are independent of each other. The market equilibrium simply ensures that there is no excess demand or supply in the market, and the price reflects the intersection of the demand and supply curves.

Which Outcome Is NOT Derived from Market Equilibrium