The Output Level That Occurs in Any Market That Is

question 31

Multiple Choice

The output level that occurs in any market that is in equilibrium:

• A)is the quantity where the supply curve intersects the y-axis.
• B)is the quantity where the demand curve intersects the x-axis.
• C)is the quantity at an output level where buyers will pay more than suppliers require.
• D)is an output level where buyers will not pay as much as suppliers require.
• E)means consumers or producers cannot be made better off by an expansion or contraction of output.