asked 200k views
3 votes
The market equilibrium A. occurs only when consumer surplus exceeds producer surplus. B. minimizes the profit of the market because it guarantees that all mutually beneficial transactions will happen. C. maximizes the total surplus of the market because it guarantees that all mutually beneficial transactions will happen. D. is a short run phenomena that only happens when consumers and producers are in equilibrium.

1 Answer

1 vote
D)
Market equilibrium occurs when supply = demand
answered
User Benzado
by
8.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.