Market Equilibrium Occurs When

question 221

Multiple Choice

Market equilibrium occurs when:

• A) there is no incentive for prices to change in the market.
• B) the quantity demanded equals the quantity supplied.
• C) the market clears.
• D) there is no incentive for prices to change in the market,the quantity demanded equals the quantity supplied,and the market clears.

---

Definitions:

Consumer

An individual who purchases goods and services for personal use.

Alternatives

Different options or choices available in any given situation, allowing for flexibility in decision-making processes.

Activities

Engagements or tasks that individuals or groups undertake, often with a specific purpose or objective in mind.

Attitudes

Mental and emotional entities which predispose an individual's response to various situations, objects, or people.