A market is said to be in equilibrium when:

Question

Quizplus · Accepted Answer

Equilibrium occurs when the quantity demanded by consumers is exactly equal to the quantity supplied by producers. This means that there is no excess supply or excess demand, and prices have settled at a level where both buyers and sellers are satisfied. Choices A, B, and C are incorrect, as they do not fully capture the concept of equilibrium. Demand may not be fully satisfied at all alternative prices, buying intentions may not always be fully realized, and supply intentions may not always be fully realized, even in an equilibrium market.

A Market Is Said to Be in Equilibrium When