The Equilibrium Price Is the Price at Which the Quantity

question 152

Multiple Choice

The equilibrium price is the price at which the quantity

• A) supplied equals the quantity bought.
• B) demanded equals the quantity supplied.
• C) demanded equals the quantity sold.
• D) sold equals the quantity bought.

---

Definitions:

Idle Capacity

Unused or underutilized production or operational capacity within a business, often resulting in inefficiency and increased costs.

Excess Equipment

Unused or surplus machinery and tools that exceed the current production needs of a company.

Sales Increase

A rise in the volume or value of products or services sold by a business over a specific period.

Resource Imbalance

A situation where the allocation of resources does not match the needs or demands, leading to inefficiencies or operational challenges.