When the quantity demanded equals the quantity supplied this is known as:
a. a perfect balance.
b. the market equilibrium.
c. the law of supply.
d. a price floor.
e. a price ceiling.
Answer: b. the market equilibrium.
When the quantity demanded equals the quantity supplied this is known as:
a. a perfect balance.
b. the market equilibrium.
c. the law of supply.
d. a price floor.
e. a price ceiling.
Answer: b. the market equilibrium.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.