When a market is in equilibrium, the market-clearing quantity bought and sold equals the quantity supplied at the equilibrium price.

Question

Quizplus · Accepted Answer

In a market equilibrium, the quantity demanded by buyers equals the quantity supplied by sellers at a specific price, which clears the market of any excess supply or demand. This means the market-clearing quantity bought and sold equals the quantity supplied at the equilibrium price.

When a Market Is in Equilibrium, the Market-Clearing Quantity Bought