Which of the following is the correct way to describe equilibrium in a market?
A) At equilibrium, demand equals supply.
B) At equilibrium, quantity demanded equals quantity supplied.
C) At equilibrium, market forces no longer apply.
D) Equilibrium is a tendency for price to change, a state of perpetual motion.
E) At equilibrium, the "fairest" price for output is achieved.
Correct Answer:
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