Asked by Carmen LeMaster on May 17, 2024
Verified
When market price is above the equilibrium level,it will _____;when price is below the equilibrium level it will _____;when price is at the equilibrium level it will _____.
Equilibrium Level
A condition where the supply and demand in the market are equal, leading to steady prices and amounts.
- Comprehend the results of market imbalance.
Verified Answer
MF
Learning Objectives
- Comprehend the results of market imbalance.