38.9k views
1 vote
The equilibrium price for a product is the price at which the quantity supplied is

User Roken
by
7.6k points

1 Answer

0 votes

Answer:

Quantity supplied is demanded

Step-by-step explanation:

Equilibrium price is the price where the demand for a product or a service is equal to the supply of the product or service. At equilibrium, both consumers and producers are satisfied, thereby keeping the price of the product or the service stable

User GeekyMonkey
by
8.2k points