When the market generates an equilibrium price we know, Ask an Expert

Economics

When the market generates an equilibrium price, we know that

a. the quantity demanded is higher than the quantity demanded associated with a market that is not in equilibrium

b. excess demand and excess supply are zero

c. increases in quantity demanded are matched by increases in quantity supplied

d. it is the most profitable price for suppliers

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91720394

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