Register
Equilibrium can only occur at: one price. two prices. three prices. four prices.
52.4k views
4 votes
Equilibrium can only occur at:
one price. two prices. three prices. four prices.

User Igor Urisman
by
8.3k points

2 Answers

4 votes
Equilibrium can only occur at three prices.
User Robert Campbell
by
8.3k points
3 votes
In any market or economy equilibrium could occur at any price. But there will be only one equilibrium price which is the point where [demand and supply] or [aggregate demand and aggregate supply] intersect (meet)  
Equilibrium can only occur at: one price. two prices. three prices. four prices.-example-1
User Htaras
by
8.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.3m questions

12.0m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
The government has decided that the free market price of cheese is too low. Farmers complain that the price floor has reduced their total revenue.Is this possible? Explain
Link Copied!