Market equilibrium occurs where quantity demanded equals quantity _____.

### Why this is right Equilibrium is the point at which the amount buyers want equals the amount sellers offer. Neither excess demand nor excess supply exists at that point. ### The concept Quantity demanded and quantity supplied are compared at a given market price. When they are equal, the market is in equilibrium. If they differ, the market has a shortage or surplus. ### Remember Equilibrium means matching quantities, not necessarily a fixed or permanent price.