Market equilibrium is: a. defined as the condition in which ...

[Engineer]

Market equilibrium is:
 a. defined as the condition in which there is neither a shortage or surplus.
 b. defined as the condition under which the separately formulated plans of buyers and sellers exactly mesh when tested in the market.
  c. represented graphically by the intersection of the supply and demand curves.
 d. all of the above.

Question 2

In a market, competitive forces guarantee that any price other than the equilibrium price is:
 a. market-clearing.
  b. stable.
 c. temporary.
 d. unaffordable.

[Viet Thy]

Answer to Question 1

d

Answer to Question 2

c

[Engineer]

Thanks for the timely response, appreciate it

[billybob123]

Excellent