1. What is the relationship between quantity demanded and quantity supplied at equilibrium?

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asked Nov 1, 2022 131k views

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Wilman · Answer 1 · 2022-11-01T15:46:59+0000

Answer:

There has to be a quantity demanded for there to be a quantity to supply.

Step-by-step explanation:

The equilibrium occurs where the quantity demanded is equal to the quantity supplied. If the price is below the equilibrium level, then the quantity demanded will exceed the quantity supplied. Excess demand or a shortage will exist.

1. What is the relationship between quantity demanded and quantity supplied at equilibrium?

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