When the Quantity Demanded and Quantity Supplied in a Market

question 346

Multiple Choice

When the quantity demanded and quantity supplied in a market are equal, the market is said to be in

• A) fixation.
• B) excess supply.
• C) equilibrium.
• D) excess demand.

---

Definitions:

Accounting Books

Official ledgers or books that record all financial transactions of a business, forming the basis for the company's financial statements.

Accounting Period

A specific time span during which financial activities are recorded and compiled into financial statements, usually a year or a quarter.

Greater Than

Greater Than is a mathematical symbol (>) used to indicate that the value on the left side is larger than the value on the right side.

Undifferentiated Targeting Strategy

A marketing strategy a firm can use if the product or service is perceived to provide the same benefits to everyone, with no need to develop separate strategies for different groups.