which occurs during market equilibrium? select two options.\nsupply and demand meet at a specific…
which occurs during market equilibrium? select two options.\nsupply and demand meet at a specific price.\nsupply is slightly greater than demand.\nsupply and demand meet at a specific quantity.\nsupply and demand meet at a demand point.\nsupply and demand meet at a supply point.
Answer
Brief Explanations:
Market equilibrium is the state where the quantity of a good or service that producers are willing to supply equals the quantity that consumers are willing to demand. This occurs at a specific price - quantity combination. The point of intersection of the supply and demand curves represents equilibrium where supply and demand meet at a specific price and a specific quantity.
Answer:
Supply and demand meet at a specific price. Supply and demand meet at a specific quantity.