select the correct answer. under which condition will both consumers and sellers benefit? a. when demand…

select the correct answer. under which condition will both consumers and sellers benefit? a. when demand exceeds supply b. when supply exceeds demand c. when supply equals demand

select the correct answer. under which condition will both consumers and sellers benefit? a. when demand exceeds supply b. when supply exceeds demand c. when supply equals demand

Answer

Answer:

C. when supply equals demand

Brief Explanations:

In a market - equilibrium (when supply equals demand), resources are allocated efficiently. Consumers can buy the quantity they desire at a price they are willing to pay, and sellers can sell the quantity they produce at a profitable price. When demand exceeds supply, prices rise and may disadvantage consumers. When supply exceeds demand, prices fall and may disadvantage sellers.