Which of the following best exemplifies the effective use of economic principles in formulating a clear and concise argument in response to a question about market equilibrium?

To effectively answer a question about market equilibrium using economic principles, it's important to clearly explain what market equilibrium means. Market equilibrium occurs when the supply of goods matches the demand for those goods, resulting in a stable price. For example, if the price of apples is too high, fewer people will buy them, leading to a surplus; conversely, if the price is too low, there will be a shortage as more people want to buy apples than are available. By illustrating how changes in supply and demand affect prices and quantities, you can make a strong argument about why equilibrium is important for a healthy market. Using real-world examples, like the price of gas fluctuating with supply disruptions, can also help clarify your points and make your argument more persuasive.