Question

Which occurs during market equilibrium? Check all that apply.

Answer 1

Supply and demand meet at a specific price.

Supply and demand meet at a specific quantity

Step-by-step explanation:

Answer 2

A market occurs where buyers and sellers meet to exchange money for goods.The price mechanism refers to how supply and demand interact to set the market price and amount of goods soldAt most prices planned demand does not equal planned supply. This is a state of disequilibrium because there is either a shortage or surplus and firms have an incentive to change the price.