Question
At equilibrium, which of the following are true?
Answer: Option D
:
D
At equilibrium, buyers'willingness to pay is equal to sellers'willingness to accept. The quantity demanded is equal to the quantity supplied. Hence there is no excess demand or supply.
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:
D
At equilibrium, buyers'willingness to pay is equal to sellers'willingness to accept. The quantity demanded is equal to the quantity supplied. Hence there is no excess demand or supply.
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