Multiple Choice
Which of the following is true of a market equilibrium?
A) At equilibrium, demand equals supply.
B) At equilibrium, quantity demanded equals quantity supplied.
C) At equilibrium, market forces no longer apply.
D) At equilibrium, the "fairest" price for output is achieved.
E) At equilibrium, all the producers maximize their profits.
Correct Answer:
Verified
Correct Answer:
Verified
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