When quantity supplied equals quantity demanded, there is: a. ...

[jerry coleman]

When quantity supplied equals quantity demanded, there is:
 a. disequilibrium.
 b. excess quantity supplied.
 c. a market-clearing price (equilibrium price).
  d. excess quantity demanded.
 e. a shortage.

Question 2

If equilibrium is present in a market:
 a. there is either a shortage or a surplus.
 b. the quantity demanded equals quantity supplied.
 c. the quantity demanded exceeds quantity supplied.
  d. the quantity supplied exceeds quantity demanded.

[ankilker]

Answer to Question 1

c

Answer to Question 2

b

[jerry coleman]

Thank you

[ankilker]

No problemo