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In any market, equilibrium is achieved when the level of demand is equal to level of supply. This means that there is a perfect balance between the two variables.
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Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
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What is equilibrium in an open mixed economy?
Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
How output and employment equilibrium is achieved through production in the classical theory?
equlibrium output and employment
When the wage rate paid to labor is below equilibrium?
When the wage rate paid to labour is below equilibrium wage, then labour is undersupplied. As firms require more labour to maximise their profit, they will slowly raise their wage rate (because revenue from labour > costs) until the equilibrium level is achieved (since no more profit is achieveable at this level).
What is the relationship between indifference curve and budget constraint?
The tangency point of Indifference curve and budget line shows the Marginal Rate of Substitution between X and Y commodities. Consumer's equilibrium is achieved at that point.
How producers equilibrium is achieved with isoquant and isocost curves?
producers equilibrium is achieved with isoquants and isocost curves
Is passive equilibrium the same as equilibrium?
Passive equilibrium is an automatic and internal process through which balance is achieved. Equilibrium is a state achieved through conscious effort toward a goal.
Explain how equilibrium in international market can be achieved and what factors can influencing its equilibrium?
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How is homeostasis achieved?
it isn't achieved. homeostasis is your bodys process of keeping itself at equilibrium
What condition is achieved when molecules are evenly spread in an area?
Equilibrium
What is equilibrium in an open mixed economy?
Economic equilibrium is deemed to have been achieved when, theoretically, the demand for goods and services by consumers is about equal with the supply of those goods and services into the economy by the suppliers. This is generally considered to have been achieved when market prices for most commodities stabilize, with little change. When equilibrium is achieved, inflation in the market is marginal.
How is energy equilibrium achieved?
you know.... thats a good question. i don tknow
Equilibrium is achieved when the and chemical reactions continue to take place at the same rate?
Equilibrium occurs when the forward and backward reactions happen at the same rate
What is isostatic equilibrium?
Isostatic equilibrium is the balance between Earth's crust and the layer of mantle it floats on. The denser the crust is, the more it sinks into the mantle. Equilibrium is achieved when the crust floats at a certain level in the mantle.
When a person can understand new experience using his existing thought processes he has achieved?
cognitive equilibrium
How output and employment equilibrium is achieved through production in the classical theory?
equlibrium output and employment
The flotational balance achieved between rocks of the crust lithosphere and deeper mantle is called?
isostatic equilibrium
