164k views
3 votes
Explain EQ price
pleasseeeee
i dont know how to answer this :(

User Misterbee
by
8.6k points

1 Answer

5 votes
The market price where the quantity of goods supplied is equal to the quantity of goods demanded. So basically the amount of supply is equal to the amount of demand. Equilibrium is the point where the demand and supply curves intersect.
User Stoney Eagle
by
8.7k points

Related questions

asked Oct 27, 2024 229k views
JimmyD asked Oct 27, 2024
by JimmyD
8.1k points
1 answer
2 votes
229k views
asked Jun 22, 2024 38.8k views
Marcos Casagrande asked Jun 22, 2024
by Marcos Casagrande
8.4k points
1 answer
2 votes
38.8k views
asked Jun 16, 2024 160k views
Workhardcc asked Jun 16, 2024
by Workhardcc
7.1k points
1 answer
0 votes
160k views