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If the price is less than the equilibrium price what is the relatiionship of quantity supplied to quantity demanded?
Wiki User
∙ 8y ago
If the price is low, suppliers may well not wish to supply the full quantity that is demanded by consumers.
The quantity demanded and quantity supplied determines the equilibrium price in the market. The quantity where these two are equal, that is where the market price is set.
Wiki User
∙ 8y ago
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When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
Where quantity demanded equals quantity supplied or no tendency to change?
This is called equilibrium.
At equilibrium price the quantity is demanded always equal to the quantity supplied?
Yes, the equilibrium price equates the quantity supplied to the quantity demanded.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is unique about an equilibrium price?
quantity demanded and quantity supplied are equal
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
Where quantity demanded equals quantity supplied or no tendency to change?
This is called equilibrium.
What is the price called at which the quantity demanded is equal to the quantity supplied?
equilibrium price
What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers is called what?
It is called the equilibrium price.
How would you define equilibrium quantity?
It is a state where quantity supplied by seller and quantity demanded by buyers are equal.
What is the point at which quantity supplied and quantity demanded are the same?
When supply and demand are equal, that is a state of equilibrium.
Define market equilibrium?
it is a condition of price stability,where the quantity demanded equal the quantity supplied.
