Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Market Equilibrium

Question:
Both the consumers’ and firms’ objectives are ________ in the equilibrium.
Options:
Incompatible
Unequal
Compatible
None of the above
Correct Answer:
Compatible
Explanation:
Both the consumers’ and firms’ objective are COMPATIBLE in equilibrium. That’s why the quantity demanded and supplied are same at equilibrium price.