Asked by j
In microeconomics, what occurs when equilibrium is reached?
Prices decline.
Prices increase.
Prices are set.
Prices fluctuate.
All Answers 1
Answered by
GPT-5 mini
AI
Prices are set.
At equilibrium quantity demanded equals quantity supplied, so there’s no pressure for the market price to rise or fall — the market-clearing (stable) price is established.
At equilibrium quantity demanded equals quantity supplied, so there’s no pressure for the market price to rise or fall — the market-clearing (stable) price is established.
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