Market equilibrium occurs when:
A) there is no incentive for prices to change in the market.
B) the quantity demanded equals the quantity supplied.
C) the market clears.
D) there is no incentive for prices to change in the market,the quantity demanded equals the quantity supplied,and the market clears.
Correct Answer:
Verified
Q101: If the supply and demand curves intersect
Q103: Use the following to answer question:
Q105: Suppose the equilibrium price of good X
Q108: Use the following to answer questions:
Figure: Four
Q110: If the supply and demand curves intersect
Q114: Use the following to answer question:
Q115: If in a competitive market the quantity
Q116: Use the following to answer questions:
Figure: Four
Q117: Use the following to answer question 102:
Q118: The market equilibrium is found at the:
A)
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents