A market will be at equilibrium when
...A market will be at equilibrium when
Demand and supply are equal
Demand is greater than supply
Price is higher
Supply is greater than demand
Correct answer is A
If demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.
In a sole proprietorship, the decisions are made by the ______ ...
The chief sources of Federal Government revenue in Nigeria are ...
The purely competitive firm should close down when its price is less than its ...
Which of the following is not a trade union in Nigeria? ...
One problem in the marketing of agricultural products in Nigeria is ...
The demand curve for neccessity is usually ...
In the balance of payments of a country, tourism is classified under ...
Industries are sometimes located in areas which are not profitable so as to ...
Price mechanism determines the prices of commodities through ...