Question

In the market clearing price,

A)the demand by buyers is rapidly growing.
B)the supply by sellers meets the demand from buyers.
C)sellers have provided more goods than the demand from buyers.
D)sellers have provided enough goods for buyers' demand, but at prices that are too high.Eliminate

Answer 1

Answer: B) the supply by sellers meets the demand from buyers

Explanation: In the market clearing price , the supply by sellers meets the demand from buyers . This is also called the equilibrium price.

Answer 2

B) the supply by sellers meets the demand from buyers.

Step-by-step explanation:

The market clearing price is also called the equilibrium price. At the equilibrium price for a given product or service, both the quantity supplied by the suppliers and the quantity demanded by the consumers is EQUAL. In a supply and demand curve, the equilibrium price is where both curves meet.