Home › CBSE Class 11 (Arts) › Economics › Microeconomics › At equilibrium price, which two quantities are e…
At equilibrium price, which two quantities are equal?
ACost and total profit made
BIncome and price level
CImports and exports volume
DQuantity demanded and supplied
Answer & Solution
Correct answer: D. Quantity demanded and supplied
Market equilibrium occurs where the amount buyers want equals the amount sellers offer.
Related questions
Under a production possibility curve, moving along the frontier shows what?When markets fail to produce efficient outcomes, economists call it what?Who likely introduced the macro and micro distinction in economics in 1933?Oligopolists may form cartels. What does this usually cause?A natural monopoly arises when one producer can do what?A market with only one buyer and many sellers is called what?Which market structure has many firms selling slightly different products?A duopoly is a special case of which market structure?