Politics

Question

Why is Market Equilibrium unique and

important?

A. It is where Consumers and Producers have the same

incentives.

B. It helps find new product trends.

C. It is the only point where Supply & Demand cross.

Answer

C. It is the only point where Supply & Demand cross.

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Market equilibrium is the point where the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers. This is the only...