At the current market price, when does market equilibrium occur?

Show Answers

The amount buyers want equals the amount sellers offerThe quantity buyers desire is lower than what sellers provideThe quantity sellers provide exceeds what buyers wantThe quantity buyers want surpasses what sellers supply

Explanation

Market equilibrium is achieved when the quantity demanded by consumers matches exactly the quantity supplied by producers at the given price. If demand is less than supply, or supply exceeds demand, the market is not in equilibrium.