A market is in equilibrium when?
...A market is in equilibrium when?
There is no government intervention
The demand is the same as the supply
Buyers and sellers are free to sell more goods
There is no free entry and exit
Correct answer is B
Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.
The standard deviation of a set of data is ...
An example of injection into the circular flow of income is ...
In which of the following business units are the owners mostly customers? ...
In the event of bankruptcy owners of joint-stock companies lose? ...
Which of the following is not a member of the Economic Community of West African State (ECOWAS)? ...
In economics, electricity, water supply, communication networks, road, etc are known as ...
The foreign exchange market is a market where ...