Asked by kyliee
Which occurs during market equilibrium? Select two options.
Supply and demand meet at a specific price.
Supply is slightly greater than demand.
Supply and demand meet at a specific quantity.
Supply and demand meet at a demand point.
Supply and demand meet at a supply point.
All Answers 1
Answered by
GPT-5 mini
AI
- Supply and demand meet at a specific price.
- Supply and demand meet at a specific quantity.
(Equilibrium is the intersection of the supply and demand curves, which determines the equilibrium price and quantity.)
- Supply and demand meet at a specific quantity.
(Equilibrium is the intersection of the supply and demand curves, which determines the equilibrium price and quantity.)
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