​ Market Equilibrium Is

question 403

Multiple Choice

​ Market equilibrium is:

• A) ​defined as the condition in which there is neither a shortage or surplus.
• B) ​ defined as the condition under which the separately formulated plans of buyers and sellers exactly mesh when tested in the market.
• C) ​ represented graphically by the intersection of the supply and demand curves.
• D) ​ all of the above.

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