Economics (AS & A Level) · Oct / Nov 2025 · Paper 11 · Question 6
9708The interaction of demand and supply
Which statement defines market equilibrium?
- Awhen ceteris paribus no longer applies
- Bwhen quantity demanded equals quantity supplied
- Cwhen quantity demanded is equal to price
- Dwhen supply can no longer expand
As printed in the paper
Show the answer
Correct answer: B. when quantity demanded equals quantity supplied
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