Multiple Choice
Equilibrium in the market is attained when
A) the laws of supply and demand interact to set the price and quantity of a product at which buyers and sellers agree.
B) there are no dramatic changes in the market over time.
C) suppliers are willing to produce the quantity demanded.
D) no single firm has more than 50 percent of the market.
E) consumers are willing to pay the price being charged.
Correct Answer:
Verified
Correct Answer:
Verified
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