Question below

Why is the price at which the quantity demanded equals the quantity supplied the equilibrium price? The mice at which the quantity demanded equals the quantity supplied is the equilibrium price because 0 A. at this price producers maximize production and consumers maximize consumption 0 B. this is the price the government legislates to be the highest price at which essential goods can be traded O C. the plans of producers and consumers are coordinated and there is no inuence on the price to change 0 D. market forces are maximized at this price The table shows the demand schedule and supply schedule in the market tor salad. Suppose the price of salad is $1.20 a serving. Consider how the market reaches its equilibrium price. There is and the price of salad will 0 A. a shortage ot salad; fall to the equilibrium price 0 B. equilibrium in the market for salad. rise to the equiliblium price 0 C. a surplus of salad; rise to the equilibrium price 0 D. equilibrium in the market for salad. not change Price Quantity Quantity \"9\"\