Question

what does it mean when a market is in equilibrium?
demand exceeds supply
quantity supplied equals quantity demanded
prices are constantly changing
supply exceeds demand

Explanation:

In economics, market equilibrium occurs when the quantity of a good or service that producers are willing to supply matches the quantity that consumers are willing to demand at a particular price. This balance means there is no inherent pressure for prices to change in the short - term.

• If demand exceeds supply (option 1), there is a shortage, and prices tend to rise.
• If supply exceeds demand (option 4), there is a surplus, and prices tend to fall.
• Constantly changing prices (option 3) is a sign of disequilibrium as the market is adjusting to find the equilibrium point.

Answer:

Quantity supplied equals quantity demanded.