1168EconomicsMedium
If the price of good is equal to the equilibrium price?
Athere is a surplus and the price will fall
Bthe quantity demanded is equal to the quantity supplied supplied and the price remains unchanged
Cthere is a shortage and the price will rise
Dthere is surplus and the price will rise
Ethere is a shortage and the price will fall
Correct answer
B. the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged
Explanation
The correct answer is the quantity demanded is equal to the quantity supplied supplied and the price remains unchanged.