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How equilibrium is determined?

Updated: 12/5/2022
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Q: How equilibrium is determined?
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Related questions

How is the equilibrium price related to the equilibrium quantity and how can these values be determined?

Demand: 300x+1500 Supply: 20x-q+1200?


How equilibrium of price level and real GDP is determined?

The answer is AJ Sanders


How was the equilibrium constant of a reaction determined?

The molarity of products is divided by the molarity of reactants


How is the equilibrium of a reaction determined?

Molarity of products divided by reactants Keq=(products)/(reactants)


How is the equilibrium price determined?

It is the price where the intentions of buyers and sellers match. where the supply and demand curves intersect


What happen to the movement of molecules at equillimbrium?

The movement of molecules at equilibrium is determined by Le Chatalier's principle. This basically says that if you change a reaction to favour one side, the equilibrium will try and counteract this change. The three things that can affect an equilibrium is temperature, pressure and concentration.


Process of price determination?

Price is determined at the point of equilibrium. Equilibrium is a point of balance. In other words, equilibrium is the point at which quantity demanded and quantity supplied is equal. That is, market equilibrium refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is called equilibrium price.


Which most accurately describes how the equilibrium price of a good or a service can be determined?

By finding where the supply curve and the demand curve intersect.


How is equilibrium determined for aggregate supply and demand?

This is an interesting question! We've notified our experts in this category and we'll email you when there is a response.


Which the following most accurately describes how the equilibrium prices of a good or service can be determined?

By finding where the supply curve and the demand curve intersect.


How is the equilibrium constant of a reaction determined?

Molarity of products divided by reactants Keq=(products)/(reactants)


What effect would a decrease in production costs for all firms have on the aggregate supply curve?

the curve would shift to the right