When a market is in equilibrium, the market-clearing quantity bought and sold equals the quantity demanded at the equilibrium price.

Name: When a market is in equilibrium, the market-clearing quantity bought and sold equals the quantity demanded at the equilibrium price.
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Question

Quizplus · Accepted Answer

In equilibrium, the quantity supplied and the quantity demanded are equal, which means the market clears and there is no excess supply or demand at the equilibrium price.

When a Market Is in Equilibrium, the Market-Clearing Quantity Bought