Which economic concept refers to the point at which supply and demand are balanced?

(2 points)

Income distribution

Shortages

Market equilibrium

Surpluses

choose only one answer

1 answer

Market equilibrium
Similar Questions
    1. answers icon 1 answer
  1. Question 4(Multiple Choice Worth 5 points)(01.05 LC) Which of the following is the state in which supply and demand are balanced
    1. answers icon 1 answer
  2. Question 4(Multiple Choice Worth 5 points)(01.05 LC) Which of the following is the state in which supply and demand are balanced
    1. answers icon 1 answer
  3. Question 1(Multiple Choice Worth 5 points)(01.05 LC) Which law predicts that at higher prices, sellers will supply more of an
    1. answers icon 1 answer
more similar questions