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A market will be at equilibrium when

Economics
JAMB 2015
A market will be at equilibrium when
  • A. demand and supply are equal
  • B. demand is greater than supply
  • C. price is higher
  • D. supply is greater than demand
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Correct Answer: Option A
Explanation
if demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.
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