When the quantity supplied is the same as the quantity demanded, the market is a. falling b. saturated c. balanced d. unstable select the best answer from the choices provided a b c d

When the quantity supplied is the same as the quantity demanded, the market is balanced.

Option C

Explanation:

A market is balanced or has reached equilibrium when the quantity demanded and the quantity supplied is same. It tells us about the market that there is no shortage of good or services nor there is any surplus stored.

The curves of demand and supply intersect each other at the equilibrium price. It is the price decided for buying and selling of said goods and services. When a market reaches its equilibrium, it tends to stay at that point as everything is balanced. The economy urges the market to reach an equilibrium if it hasn’t reached one already.

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