If a market is in equilibrium, is it necessarily true that all buyers and all se

Question

If a market is in equilibrium, is it necessarily true that all buyers and all sellers are satisfied with the market price? Briefly explain

** my thoughts, while I am not entirely sure: I would assume that this would be the case because it includes the middle point between the marginal cost and marginal benefit. Otherwise put - the max the consumer is willing to pay and the minimum the seller is willing to take. The market being in equilibrium would suggest a compromise between these two. Just checking my answer

Explanation / Answer

It is the case, and your logic is sound. But to add to that logic, think of it this way: Any seller is willing to sell at market price because he wants to sell at market price, and thus is satisfied with market price. If he thought the market price was too low, no one is forcing him to sell. A buyer is willing to buy at market price because he wants to buy at market price, and is thus satisfied with it. If he thought the price was too high, no one is forcing him to buy.

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