Which of the following is the correct way to describe equilibrium in a market? - 3652

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Which of the following is the correct way to describe equilibrium in a market? 

A.   At equilibrium, quantity demanded equals quantity supplied.

B.   At equilibrium, market forces no longer apply.

C.   At equilibrium, demand equals supply.

D.   At equilibrium, scarcity is eliminated. 

Solution Description

Which of the following is the correct way to describe equilibrium in a market?