Under what condition is a market considered to be in equilibrium?

Show Answers

The amount consumers want to buy matches the amount producers want to sellThere is no surplus or shortage in the marketThe equilibrium price ensures the market clearsAll of the above

Explanation

A market reaches equilibrium when the quantity demanded equals the quantity supplied, meaning there is no excess demand or supply, and the equilibrium price effectively clears the market. Therefore, all the statements are true.