When buyers will purchase exactly as much as sellers are willing to sell, what is the condition that has been reached? Balanced Budget Equilibrium Price Floor Supply and Demand

## Step 1<br />The problem is asking for the condition that is reached when buyers are willing to purchase exactly as much as sellers are willing to sell. This is a fundamental concept in economics, specifically in the study of market dynamics.<br /><br />## Step 2<br />The term 'Equilibrium' in economics refers to a state where the quantity demanded by consumers equals the quantity supplied by producers. This means that the amount of goods or services that buyers are willing to buy is exactly the same as the amount of goods or services that sellers are willing to sell.<br /><br />## Step 3<br />The other options provided, 'Balanced Budget', 'Price Floor', and 'Supply and Demand', do not accurately describe this condition. A 'Balanced Budget' refers to a situation where government spending equals government revenue. A 'Price Floor' is a minimum price set by the government for a particular good or service. 'Supply and Demand' is a fundamental economic model that describes how the price and quantity of goods are determined in a market.