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  • Demand, Supply, and Market Equilibrium
  • There is a demand of 100 kg of onions in the market by co...
Multiple choice

There is a demand of 100 kg of onions in the market by consumers and suppliers have supplied exactly 100 kg in the market on consumer demand. Here, demand and supply are in

  1. break-even position

  2. shortage

  3. surplus

  4. equilibrium

  5. inflation

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Equilibrium occurs when demand and supply are equal.

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