Equilibrium occurs when supply and demand coordinate to

set excess demand.
set prices and production.
maintain excess supply.
raise prices and production.

Question

Equilibrium occurs when supply and demand coordinate to

set excess demand.
set prices and production.
maintain excess supply.
raise prices and production.

GPT-5 mini · Answer

set prices and production.

Explanation: market equilibrium is where quantity demanded equals quantity supplied, determining the market-clearing price and the equilibrium quantity (production).

Equilibrium occurs when supply and demand coordinate to

set excess demand.
set prices and production.
maintain excess supply.
raise prices and production.

All Answers 1

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Equilibrium occurs when supply and demand coordinate to set excess demand. set prices and production. maintain excess supply. raise prices and production.

All Answers 1