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7 October, 03:30

Which is true if equilibrium is present in a market? Question 5 options: The price of the product will tend to rise. Quantity demanded equals quantity supplied. Quantity supplied exceeds quantity demanded. Quantity demanded exceeds quantity supplied.

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  1. 7 October, 06:40
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    The correct answer is:

    Quantity demanded equals quantity supplied.

    Step-by-step explanation:

    In economics a Equilibrium state is a state where the economic forces such as the supply and demand are balanced and in the absence of external influences the values of economic variables will not change.

    Hence market equilibrium is the actual price you see in the world is a balancing act between supply and demand.

    Hence, the correct answer is:

    Quantity demanded equals quantity supplied.
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