Answer: C. in market equilibrium there are no unconsummated wealth-creating transactions
Explanation:Market equilibrium is a term in Macroeconomics used to describe the price at which the Quantity of goods demanded is equal to the Quantity of goods supplied.
Wealth-creating transactions are money making transactions, these transactions are those that takes place and are paid for.
IN A MARKET EQUILIBRIUM THE QUANTITY OF GOODS DEMANDED IS EQUAL TO THE QUANTITY OF GOODS SUPPLIED MAKING THE ECONOMY TO HAVE NO UNCONSUMMATED WEALTH-CREATING TRANSACTIONS.
Answer:
The correct answer is letter "C": in market equilibrium there are no unconsummated wealth-creating transactions.
Explanation:
Market equilibrium is the point at which the quantity demanded and the quantity supplied of a good and service coincide at a certain price. Neither supply or demand is in excess. In front of excessive supply, prices are brought down and when there is an excess of demand prices rise. Though, in market equilibrium, the exchange of goods and services does not create any unconsummated wealth.
