Saarland Abitur Economics Practice Questions - Saarland Abitur Economics (VWL) Exam

What is 'Marktgleichgewicht' (market equilibrium), where supply and demand intersect?

The price and quantity at which quantity supplied exactly equals quantity demanded A price level at which quantity supplied always permanently exceeds quantity demanded A term unrelated to market mechanisms A condition that can never actually be reached in a real market

Correct Answer:

The price and quantity at which quantity supplied exactly equals quantity demanded

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