Equilibrium exists in market when quantity _____________ at the prevailing price.

demanded is greater than quantity supplied

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supplied is greater than quantity demanded

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demanded equals quantity supplied

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demanded is less than quantity supplied

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Solution

The correct option is B
supplied is greater than quantity demanded

Option : (C)

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Similar questions

Q. If the price of a video rental is below the equilibrium price, the quantity supplied is __________ than the quantity demanded. If the price of video rental is above the equilibrium price, the quantity supplied is _________ than the quantity demanded.

Q. When increase in demand is less than increase in supply, equilibrium quantity will _________.

Consider the following demand and supply functions for a good.

Quantity demanded = 160 - 2p

Quantity supplied = - 40 + 2p

(i) Calculate the equilibrium price and quantity.

(ii) Find out a price at which there is excess demand.

(iii) Find out a price at which there is excess supply.

The market for a good is in equilibrium. What is the effect on equilibrium price and quantity if the increase in the market demand is greater than an increase in market supply?

At which of the following points is the quantity demanded and quantity supplied equal?

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Equilibrium exists in market when quantity _____________ at the prevailing price.

The correct option is B supplied is greater than quantity demanded Option : (C)

The correct option is B
supplied is greater than quantity demanded

Option : (C)