Market equilibrium refers to a situation in which market price. a)is high enough for consumers to buy all that they want

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ZenTheo · Answer 1 · 2024-08-08T16:36:23+0000

Market equilibrium refers to a situation in which the Quantity demanded is equal to the quantity supplied.

Equilibrium is a state of balance between the quantity demanded and the quantity supplied in a market. In this state, the demand and supply balance each other off and as a result the prices become stable in the economy. It is an ideal market situation where there is no inflation or deflation.

Market equilibrium refers to a situation in which market price. a)is high enough for consumers to buy all that they want

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Market equilibrium refers to a situation in which market price. a)is high enough for consumers to buy all that they want