Which occurs during market equilibrium? check all that apply. supply and demand meet at a specific price. supply is slightly greater than demand. supply and demand meet at a specific quantity. supply and demand meet at a demand point. supply and demand meet at a supply point.

Statements that give description as regards market equilibrium in this question are:

Supply and demand meet at a specific price.

Supply and demand meet at a specific quantity

Therefore, Equilibrium bring about meeting of Supply and demand at specific quantity.

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Answer

During market equilibrium;

Supply and demand meet at a specific price.

Supply and demand meet at a specific quantity

Explanation

At market equilibrium, the supply and demand curves intersect to identify a point where the quantity demanded is equal to the quantity supplied.The price at this point is the equilibrium price and the quantity obtained is the equilibrium quantity.

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