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Equilibrium is defined when supply is limited and demand decreases. supply and demand meet. demand is higher than supply. supply is higher than demand.

Kaitlin Dean

in Business

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Kevin Sutter on February 14, 2019

The correct choice is answer B. Equilibrium is defined when the supply and demand. This means that the equilibrium is a point at which the quantity demanded equals the quantity supplied. The shortage or excess occurs when the demands are higher and demands are lower, respectively, with respect to the supplies.


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