Correct Answer: Supply is equal to demand.

Solution : The correct option is supply is equal to demand.

The equilibrium price is the point at which the quantity of a good or service that producers are ready to sell equals the quantity that consumers are eager to purchase. This is where the supply and demand curves meet on a graph, signifying a state of market balance. At this price, there is neither a surplus of supply nor an excess of demand, resulting in a stable market condition.