Which occurs during market equilibrium? Check all that apply. Supply and demand meet at a specific price. Supply is slightly greater than demand. Supply and demand meet at a specific quantity. Supply and demand meet at a demand point. Supply and demand meet at a supply point.
Answer
During market equilibrium;
Supply and demand meet at a specific price.
Supply and demand meet at a specific quantity
Explanation
At market equilibrium, the supply and demand curves intersect to identify a point where the quantity demanded is equal to the quantity supplied.The price at this point is the equilibrium price and the quantity obtained is the equilibrium quantity.
Answer:
Option A - Supply and demand meet at a specific price and
Option C - Supply and demand meet at a specific quantity
Explanation:
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