When a Market Is in Equilibrium, _____

question 13

Multiple Choice

When a market is in equilibrium, _____.

• A) the quantity supplied is equal to the quantity demanded
• B) the number of sellers is equal to the number of buyers
• C) buyers' willingness to demand is high
• D) the seller faces high production costs

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Definitions:

Units Of Meaning

Fundamental elements or components through which language or symbols convey specific ideas.

Phonemes

The smallest units of sound in a language that can distinguish one word from another, such as the difference between the /p/ and /b/ sounds in "pat" and "bat."

Meaningless

Lacking significance, purpose, or value.

Interpret Idea

The process of understanding and explaining the meaning or concept of an idea, often involving personal perspective or theoretical analysis.