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A market will be at equilibrium when

A market will be at equilibrium when
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Demand and supply are equal
  • B Demand is greater than supply
  • C Price is higher
  • D Supply is greater than demand
Correct Answer: Option A
Explanation:
if demand and supply are equal, it brings the market to the point of equilibrium because equilibrium price is the price where quantity demanded and quantity supplied are equal.

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