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Question
which occurs during market equilibrium? select two options. supply and demand meet at a specific price. supply is slightly greater than demand. supply and demand meet at a specific quantity. supply and demand meet at a demand point. supply and demand meet at a supply point.
Market equilibrium occurs when the quantity of a good or service that producers are willing to supply is equal to the quantity that consumers are willing to demand. This equilibrium is determined by a specific price - quantity combination where supply and demand curves intersect.
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Supply and demand meet at a specific price.
Supply and demand meet at a specific quantity.