Equilibrium can only occur at:

A. one price.
B. two prices.
C. three prices.
D. four prices.

In any market or economy equilibrium could occur at any price. But there will be only one equilibrium price which is the point where [demand and supply] or [aggregate demand and aggregate supply] intersect (meet)

Answered by Vladislav | 2024-06-10

Equilibrium can only occur at three prices.

Answered by ZackFry | 2024-06-10

Equilibrium in economics occurs at one specific price where the supply and demand curves intersect, meaning the quantity demanded equals the quantity supplied. At prices other than this equilibrium price, the market is either in surplus or shortage. Thus, the correct answer is A. one price.
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Answered by Vladislav | 2024-10-09