Question

When quantity demanded in a market equals quantity supplied, then the:

market will not clear without further price adjustments.
market is in equilibrium.
equilibrium price is less than expected by buyers.
market is in temporary disequilibrium.

Answer 1

market is in equilibrium

When we say that a market is in equilibrium. It means that the quantity demanded of a particular product is equal to the quantity supplied in the market.

At this state, the price in the market is the equilibrium price.