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The point where demand equals supply is:

The point where demand equals supply is:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Market shortage
  • B Excess demand
  • C Price control
  • D Market equilibrium
Correct Answer: Option D
Explanation:
Market equilibrium occurs where quantity demanded equals quantity supplied, creating a stable market price.

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