Economics · Microeconomics
In economic theory, market equilibrium refers to a state where:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imports are completely balanced with exports
- 2The government controls all price ceilings
- 3Total revenue is equal to zero
- 4Market demand is equal to market supply✓
Correct answer
Market demand is equal to market supply
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