Competitive market equilibrium » MCQ Academy English

Managerial Economics

Competitive market equilibrium

is determined by the intersection of the market demand and supply curves.
implies that quantity supplied is sufficiently larger than quantity demanded.
is determined by the intersection of the excess demand and excess supply curves.
implies that quantity demanded is sufficiently larger than quantity supplied.

Competitive market equilibrium is determined by the intersection of the market demand and supply curves.

Tags: Demand and Supply