A market is said to be in equilibrium when
A)Demand is fully satisfied at all alternative prices.
B)The buying intentions of all consumers are realized.
C)The supply intentions of all sellers are realized.
D)The quantity demanded equals the quantity supplied.

Question

Quizplus · Accepted Answer

A market is said to be in equilibrium when the quantity demanded equals the quantity supplied. This means that there is no excess demand or excess supply in the market, and the market price and quantity transacted are stable. The other options may not necessarily lead to an equilibrium in the market.

A Market Is Said to Be in Equilibrium When