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Define market equilibrium?
it is a condition of price stability,where the quantity demanded equal the quantity supplied.
If the price is less than the equilibrium price what is the relatiionship of quantity supplied to quantity demanded?
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.
True False If the market for Rolex watches is in equilibrium the quantity of Rolex watches demanded will equal the quantity of Rolex watches supplied?
True. As long as it is quantity demanded and not demand overall.
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
Define market equilibrium?
it is a condition of price stability,where the quantity demanded equal the quantity supplied.
If the price is less than the equilibrium price what is the relatiionship of quantity supplied to quantity demanded?
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.
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.
True False If the market for Rolex watches is in equilibrium the quantity of Rolex watches demanded will equal the quantity of Rolex watches supplied?
True. As long as it is quantity demanded and not demand overall.
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
When is a market in equilibrium?
In elementary economics equilibrium is the intersection between the supply and demand curves. When quantity supplied is said to equal quantity demanded the market has then reached equilibrium.
What is the price called at which the quantity demanded is equal to the quantity supplied?
equilibrium price
Why are surpluses and shortages examples of disequilibrium?
Because the quantity demanded and the quantity supplied are not equal.
How would you define equilibrium quantity?
It is a state where quantity supplied by seller and quantity demanded by buyers are equal.
Determinants of quantity demanded?
Equilibrium is defined to the price-quantity pair where the quantity demanded is equal to the quantity supplied, represented by the intersection of the demand and supply curves.
