Answered

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What is the condition that has been reached when buyers purchase exactly as much as sellers are willing to sell?

A. Supply and demand
B. Price floor
C. Equilibrium
D. Excess demand

Sagot :

GinnyAnsweridn

Final answer:

Equilibrium in a market occurs when demand matches supply, stabilizing prices.


Explanation:

Equilibrium is the condition where the quantity demanded equals the quantity supplied in a market, leading to a stable price. If a price floor is set above the equilibrium price, it results in excess supply, also known as a surplus. At the intersection of demand and supply curves lies the point of equilibrium, ensuring a balance between buyers and sellers.


Learn more about Market Equilibrium here:

https://brainly.com/question/32940222


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