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At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages. demand equals supply. shortages are greater than surpluses.
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At market equilibrium, Group of answer choices quantity demanded equals quantity supplied. surpluses are greater than shortages. demand equals supply. shortages are greater than surpluses.

User Spencergibb
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1 Answer

2 votes

Answer:

quantity demanded equals quantity supplied

Step-by-step explanation:

The market equilibrium is the price at which the quantity demanded and the quantity supplied cross each other. The intersection could be made by supply and demand curves.

Therefore, there is a direct relationship between the price and the quantity supplied, while the price and quantity demanded have an inverse relationship.

When the quantity demanded and the quantity supplied are intersect at the price so we called market equilibrium

User Luke Madhanga
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