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How do you find Equilibrium?
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6 votes
6 votes
How do you find Equilibrium?

User Maksim Gladkov
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1 Answer

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17 votes

Answer:

The equilibrium in a market occurs where the quantity supplied in that market is equal to the quantity demanded in that market. Therefore, we can find the equilibrium by setting supply and demand equal and then solving for P.

User Husin Wijaya
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