Question

when there is an equilibrium price for a certain soccer ball—as determined by the intersection of the demand and supply curves for that soccer ball—everyone who __________.

Answer 1

At the equilibrium price for a certain soccer ball, everyone who wants to buy it at that price can find sellers who are willing to sell it to them, and everyone who wants to sell it at that price can find buyers who are willing to buy it from them.

Step-by-step explanation:

The intersection of the demand and supply curves for a certain soccer ball determines the equilibrium price. At this equilibrium price, the quantity demanded is equal to the quantity supplied. This means that everyone who wants to buy the soccer ball at the equilibrium price can find sellers who are willing to sell it to them, and everyone who wants to sell the soccer ball at the equilibrium price can find buyers who are willing to buy it from them.