1. Equilibrium in a market means which of the following?
o the point at which quantity supplied and quantity demanded are the same
o the point at which suppliers begin to reduce prices
o the point at which unsold goods begin to pile up
o the point at which prices fall below the cost of production

Equilibrium in a market means the point at which quantity supplied and quantity demanded are the same. For a market to attain a state of equilibrium, the quantity of goods supplied should be equal to the quantity demanded to ensure there is neither demand nor supply surplus

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1. Equilibrium in a market means which of the following? o the point at which quantity supplied and quantity demanded are the same o the point at which suppliers begin to reduce prices o the point at which unsold goods begin to pile up o the point at which prices fall below the cost of production

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1. Equilibrium in a market means which of the following?
o the point at which quantity supplied and quantity demanded are the same
o the point at which suppliers begin to reduce prices
o the point at which unsold goods begin to pile up
o the point at which prices fall below the cost of production