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Which needs to be true for a market to be in equilibrium? Buyers willingly demand the quantity offered for sale by suppliers at the given
Which needs to be true for a market to be in equilibrium?
Buyers willingly demand the quantity offered for sale by suppliers at the given price.
All consumers who might potentially want the good or service choose to purchase some at the given price
There must be excess supply in the market at the given price to make sure there is sufficient supply to meet demand.
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