The equilibrium market price is determined at a point where?
- consumers can buy all they desire
- sellers can dispose of all their wares
- the price is moderate
-
quantity consumers desires equal quantity sellers offer
- sellers and buyers are not quarrelling
The correct answer is: D
Explanation
The equilibrium market price is reached at a point where, the market price at which the quantity demanded and the quantity supplied of a good are equal to one another.