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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.6
Which of the following best defines market equilibrium?
The point at which quantity demanded exceeds quantity supplied
A condition in a market where the quantity supplied equals the quantity demanded at an optimal price level
The point at which prices are fixed and cannot change
The point at which quantity supplied exceeds quantity demanded
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AP Macroeconomics - 1.6 Market Equilibrium, Disequilibrium, and Changes in Equilibrium
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Market Equilibrium
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About Fiveable
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CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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