At the market clearing price,
A) there is neither a shortage nor a surplus.
B) quantity supplied equals quantity demanded.
C) the supply and demand curves intersect.
D) All of the above are correct.

Question

Quizplus · Accepted Answer

At the market clearing price, there is neither a shortage nor a surplus because quantity supplied equals quantity demanded, and this occurs when the supply and demand curves intersect. So, all of the above options are correct.

At the Market Clearing Price