select the correct answer.\nunder which condition will both consumers and sellers benefit?\na. when demand…

select the correct answer.\nunder which condition will both consumers and sellers benefit?\na. when demand exceeds supply\nb. when supply exceeds demand\nc. when supply equals demand

select the correct answer.\nunder which condition will both consumers and sellers benefit?\na. when demand exceeds supply\nb. when supply exceeds demand\nc. when supply equals demand

Answer

Brief Explanations:

In a market, when supply equals demand, it is at equilibrium. At equilibrium, resources are allocated efficiently, consumers can buy the quantity they want at a fair - price and sellers can sell their goods at a reasonable price. When demand exceeds supply, prices rise and may disadvantage consumers. When supply exceeds demand, prices fall and may disadvantage sellers.

Answer:

C. when supply equals demand