Equilibrium in the Market Is Attained When

question 91

Multiple Choice

Equilibrium in the market is attained when

• A) the laws of supply and demand interact to set the price and quantity of a product at which buyers and sellers agree.
• B) there are no dramatic changes in the market over time.
• C) suppliers are willing to produce the quantity demanded.
• D) no single firm has more than 50 percent of the market.
• E) consumers are willing to pay the price being charged.

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