When a market is not in equilibrium:
A)government intervention is required to achieve equilibrium.
B)there is neither excess supply nor excess demand.
C)the economic motives of sellers and buyers will move the market to its equilibrium.
D)a change in either supply or demand is required to reestablish equilibrium.

Question

Quizplus · Accepted Answer

A key feature of free markets is that individual incentives will lead markets to their respective equilibrium prices and quantities.

When a Market Is Not in Equilibrium