Ask Question
11 January, 06:11

In microeconomics, what occurs when equilibrium is reached

a. Prices decline.

b. Prices increase.

c. Prices are set.

d. Prices fluctuate.

+5
Answers (1)
  1. 11 January, 06:30
    0
    C - When an industry is in equilibrium, the supply for goods matches the demand for goods. This is where the supply curve and demand curve intersect. When that occurs, it means that prices have continued to decrease until they are set.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “In microeconomics, what occurs when equilibrium is reached a. Prices decline. b. Prices increase. c. Prices are set. d. Prices fluctuate. ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers