Question

In one or two sentences, explain why there is no excess demand or excess supply at the equilibrium price.

Answer 1

The equilibrium price means that at this price, the exact number of units demanded are being produced in the market. Therefore, all the buyers are satisfied and there is no need to produce any more.

Step-by-step explanation:

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Answer 2

The equilibrium price means that at this price, the exact number of units demanded are being produced in the market. Therefore, all the buyers are satisfied and there is no need to produce any more.