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Select all that apply. Which of the following occur at the equilibrium price? Producers earn revenue to cover costs. Producers waste their resources. There are no shortages or surpluses. Consumers buy all the goods that are supplied.

Respuesta :

. Consumers buy all the goods that are supplied.
Producers earn revenue to cover costs. 


palebadgworthy

The correct answer is: "There are no shortages or surpluses".

The equilibrum point refers to the price and quantity for which the desires of consumers (the amount of goods that they desire and can afford to buy) and the desires of producers (the amount of goods that they want to and can sell) concur. Therefore, at the equilibrum the markets clear, all units are allocated, and there are not surpluses or shortages.

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