Practice mode Market

What is true when the price of a good equals the equilibrium price?

Correct answer A. The quantity demanded is equal to the quantity supplied and the price remains unchanged

Explanation

At equilibrium, the quantity buyers want exactly matches the quantity sellers offer, so there is neither shortage nor surplus and no pressure for the price to change.

Report a problem

Answer checked 11 October 2026 How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

What is true when the price of a good equals the equilibrium price?

Discussion

Have a question about this answer? Cancel reply

What is true when the price of a good equals the equilibrium price?

More Market questions

What does a decrease, or leftward shift, in the supply of a good tend to cause?

Both the supply of and demand for personal computers increase, but supply rises by more than demand. What should we expect in the market for personal computers?

A frost wipes out much of Florida’s orange crop while consumer tastes shift towards orange juice. What happens to the equilibrium price and quantity of orange juice?

If buyers and sellers of wheat both expect its price to rise soon, what should happen to today’s equilibrium price and quantity of wheat?

Discussion

Have a question about this answer? Cancel reply