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When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is the price called at which the quantity demanded is equal to the quantity supplied?
equilibrium price
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.
A shortage develop when?
The equilibrium quantity supplied is lower than the actual quantity supplied. The market price is below the equilibrium price.
When quantity supplied and quantity demanded are equal the market is in?
Equilibrium.
What is it called when the quantity demanded equals the quantity supplied by producers?
this is called equilibrium or competitive equilibrium.
What is unique about an equilibrium price?
quantity demanded and quantity supplied are equal
What is equilibrium -Gradpoint?
The point at which quantity demanded and quantity supplied are equal
Equilibrium is when the quantity demanded is no longer equal to the quantity supplied?
false
What is the price called at which the quantity demanded is equal to the quantity supplied?
equilibrium price
Where quantity demanded equals quantity supplied or no tendency to change?
This is called equilibrium.
How does the relationship between quantity supplied and price impact market equilibrium?
The relationship between quantity supplied and price impacts market equilibrium by influencing the point where supply and demand intersect. When the quantity supplied is higher than the quantity demanded, prices tend to decrease to reach equilibrium. Conversely, when the quantity supplied is lower than the quantity demanded, prices tend to increase to reach equilibrium. This dynamic process helps ensure that supply and demand are balanced in the market.
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.
Where is the location on a graph where supply and demand intersect called?
This is the equilibrium price. Equilibrium price is when quantity demanded equals quantity supplied - i.e. it is the price where everything supplied will be bought, so the market will be cleared.
