Concept:Market equilibrium is the state where quantity demanded equals quantity supplied.
Explanation:At equilibrium, buyers and sellers agree on a price at which the amount buyers want to buy equals the amount sellers want to sell.
This quantity is called the equilibrium quantity, and the corresponding price is the equilibrium price.
At this point, there is neither excess demand nor excess supply in the market.
As a result, there is no tendency for the price to change.
Government intervention is not required for equilibrium, but its absence alone does not create equilibrium.
Equilibrium is also not defined by free entry and exit or by the freedom to sell more goods.
So, the market is in equilibrium when the quantity demanded equals the quantity supplied.
Answer:B. The demand is the same as the supply.