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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.

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Answers (1)
  1. 11 January, 06:30
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    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.
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Home » Social Studies » In microeconomics, what occurs when equilibrium is reached a. Prices decline. b. Prices increase. c. Prices are set. d. Prices fluctuate.
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