A market is in equilibrium when?
- there is no government intervention
-
the demand is the same as the supply
- buyers and sellers are free to sell more goods
- there is no free entry and exit
The correct answer is: B
Explanation
Market equilibrium is a market state where the supply in the market is equal to the demand in the market. Theequilibrium price is the price of a good or service when the supply of it is equal to the demand for it in themarket.