Use the following to answer question(s): Demand and Supply Curves

-(Exhibit: Demand and Supply Curves) If there are no restrictions on the actions of buyers and sellers, the market price and quantity will tend toward ________ and ________ units, respectively.

Question

Use the following to answer question(s): Demand and Supply Curves
 
-(Exhibit: Demand and Supply Curves) If there are no restrictions on the actions of buyers and sellers, the market price and quantity will tend toward ________ and ________ units, respectively.

Quizplus · Accepted Answer

The market price and quantity will tend toward the equilibrium point where the demand and supply curves intersect, which is typically represented by the price and quantity where the quantity demanded by consumers equals the quantity supplied by producers.

Use the Following to Answer Question(s): Demand and Supply Curves