Buyers are able to buy all they want to buy and sellers are able to sell...
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at
Homework Answers
Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at the equilibrium price but not above or below the equilibrium price.
Explanation:
It is so because at equilibrium price, quantity demanded = quantity supplied.
While if the price is below than equilibrium price, there will be excess demand means buyers would not able to buy all they want to buy.
If price is above equilibrium price, there will be excess supply, sellers would not able to sell all they want to sell.
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