In the operation of market forces, the market is in equilibrium at the point where?

Economics JAMB 1987

In the operation of market forces, the market is in equilibrium at the point where?

  • demand and supply curve intersect in more than one point provided the market is cleared
  • the excess in market can be conveniently stored
  • excess demand is negative
  • demand and supply curves intersect checkmark

The correct answer is: D

Explanation

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