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What is equlilibrium?

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Anonymous

∙ 17y ago
Updated: 8/17/2019

its a state of equality between forces acting at point.

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∙ 17y ago
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Market equilibrium is the state in which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market price. At this point, there is no incentive for price to change, as the forces of supply and demand are balanced. If the price deviates from this equilibrium, market forces will typically drive it back to equilibrium through adjustments in demand and supply.


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