Which of the Following Statements Is TRUE About Equilibrium in Markets

question 51

Multiple Choice

Which of the following statements is TRUE about equilibrium in markets? I. Demand always equals supply at equilibrium. II. Quantity demanded always equals quantity supplied at equilibrium. III. In a market diagram, demand and supply cross each other at the equilibrium point.

• A) I only
• B) I, II, and III
• C) II and III only
• D) I and III only

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