71. market Equilibrium is reached when:A SupplyB. There is neither a Aurplus nor a AhortageC. Only A is correct.D. Both A and Bare correctis equal to demand,

Market equilibrium is reached at such a price where quantity demanded equals quantity supplied.

Answered: 71. market Equilibrium is reached when:…

71. market Equilibrium is reached when: A Supply is equal to demand, B. Theri is neither a Aurplus nor a Ahortage C. Only A ix correct D. Both A and B are correct

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter4: The Market Forces Of Supply And Demand

Section: Chapter Questions

Problem 7QR

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71. market Equilibrium is reached when:
A Supply
B. There is neither a Aurplus nor a Ahortage
C. Only A is correct.
D. Both A and Bare correct
is equal to demand,

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