The market equilibrium occurs where supply _____ demand

Marketing Jan 14, 2021

The market equilibrium occurs where supply _____ demand.

A. is greater than

B. is less than

C. is equal to

Expert Solution

The market equilibrium is achieved if the supply equals or the same level as the market demand and no external imbalance that cause supply to be greater than or less than the demand. Therefore, the correct answer is C.

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