Question

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

Explanation:

Equilibrium in basic economic terms refers to the state where the quantity of a good supplied equals the quantity demanded, meaning supply and demand meet at a specific price and quantity. The other options describe situations of imbalance (excess demand, excess supply) or unrelated changes, not equilibrium.

Answer:

supply and demand meet.