The equilibrium market price is determined at a point where?
-
A.
consumers can buy all they desire -
B.
sellers can dispose of all their wares -
C.
the price is moderate -
D.
quantity consumers desires equal quantity sellers offer -
E.
sellers and buyers are not quarrelling
Correct Answer: Option D
Explanation
The equilibrium market price is reached at a point where, the market price at which the quantity demanded and the quantity supplied of a good are equal to one another.