An equilibrium in a market results when the market a. produces a surplus. b. produces an output at which the price consumers are willing to pay exactly equals the price producers are willing to accept. c. produces an output at which the demand curve lies above the supply curve. d. results in a product that can be purchased at many different prices. e. produces an output at which the supply curve lies above the demand curve.
This question was answered on: Sep 21, 2023
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