To say that a market is in equilibrium implies that: Select one: a.the market allocates goods fairly. b.producers are earning a profit. c.the government is not intervening. d.the quantity that buyers are willing and able to buy equals the quantity that sellers are willing and able to sell.

To say that a market is in equilibrium implies that: Select one: a.the market allocates goods fairly. b.producers are earning a profit. c.the government is not intervening. d.the quantity that buyers are willing and able to buy equals the quantity that sellers are willing and able to sell.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter4: Prices: Free, Controlled, And Relative

Section: Chapter Questions

Problem 4QP

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Question

To say that a market is in equilibrium implies that:

Select one:

a.the market allocates goods fairly.

b.producers are earning a profit.

c.the government is not intervening.

d.the quantity that buyers are willing and able to buy equals the quantity that sellers are willing and able to sell.

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