4.3k views
1 vote
Which of the following is true of equilibrium? *

A.Equilibrium is when all prices of supply are the same as all prices of demand
B.Equilibrium is when quantity supplied is equal to quantity demanded
C.Equilibrium is when consumers are able to buy as much as possible at the lowest
price while producers are able to sell as much as possible at the highest price
D.Equilibrium is impossible to achieve in a market economy

1 Answer

2 votes
B, it’s when the supply and demand are equal
User Ervinbosenbacher
by
4.1k points