A market will be at equilibrium when

Economics JAMB 2015

A market will be at equilibrium when

  • demand and supply are equal checkmark
  • demand is greater than supply
  • price is higher
  • supply is greater than demand

The correct answer is: A

Explanation

if demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.
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