Question

In an economy with equilibrium prices and quantities, producers are using their resources in a(n) _____ way.

efficient
wasteful
ineffective

Answer 1

the answer is the word efficient.

Answer 2

Answer: Efficient

Step-by-step explanation:

In an economy, the equilibrium quantity and the prices are used in an efficient way by the producers. The economic equilibrium is the condition in which the various types of economical forces are get balanced in an efficient way.

The economic equilibrium are also known as the market equilibrium. When the quantity demand are get equal to the quantity supplied then, the is known as the equilibrium prices.