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Which of the following best describes market conditions at market clearing, or market equilibrium price? Demand is less than supply Demand is greater than supply There is a supply limit and a demand quota
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2 votes
Which of the following best describes market conditions at market clearing, or market equilibrium price?

Demand is less than supply


Demand is greater than supply


There is a supply limit and a demand quota


Demand and Supply are equal

User Gtpunch
by
7.0k points

1 Answer

2 votes

Answer:

Demand and supply are equal

Step-by-step explanation:

At equilibrium price the quality demanded is equal to the quality supplied

User Haris Hasan
by
7.6k points
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