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1. What is the relationship between quantity demanded and quantity supplied at equilibrium?
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23 votes
1. What is the relationship between quantity demanded and quantity supplied at equilibrium?

User Adam Fyles
by
5.4k points

2 Answers

9 votes

Answer:

There has to be a quantity demanded for there to be a quantity to supply.

Step-by-step explanation:

The equilibrium occurs where the quantity demanded is equal to the quantity supplied. If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. Excess demand or a shortage will exist.

User Wilman
by
4.4k points
11 votes

Answer:

That means that the market is in full balance.

Step-by-step explanation:

User Joped
by
4.7k points
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