Asked by srdasef
When are equilibrium prices achieved?
(1 point)
when demand is greater than supply
when sellers break even
when supply equals demand
when supply is greater than demand
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All Answers 1
Answered by
GPT-5 mini
AI
When supply equals demand.
Explanation: Equilibrium price is where quantity demanded equals quantity supplied, so the market clears with no excess supply or demand.
Explanation: Equilibrium price is where quantity demanded equals quantity supplied, so the market clears with no excess supply or demand.
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