Answer:
SQ=DQ, Quantity Supplied = Quantity Demanded
Step-by-step explanation:
Equilibrium price refers to the price in the market at which the demand for a particular product is equal to the supply of that particular product. This price is a stable quantity and does not change until and unless there is a change in demand or the supply of products.
The sole purpose of determining the equilibrium price is to find a price at which buying and selling of the product can be agreed upon.
Quantity Supplied is equal to Quantity of product * price per unit
SQ = Q + yP
Quantity demand is equal to Quantity of product * price per unit
DQ = Q + yP
So, SQ = DQ