In a Competitive Market the Equilibrium Price and Quantity Occur

Multiple Choice

In a competitive market the equilibrium price and quantity occur where:

A) the downward sloping demand curve intersects the upward sloping supply curve.
B) the upward sloping demand curve intersects the downward sloping supply curve.
C) consumers and suppliers bargain to a mutually acceptable price.
D) quantity demanded exceeds quantity supplied or vice versa.