IDNLearn.com offers a unique blend of expert answers and community-driven insights. Ask your questions and receive reliable, detailed answers from our dedicated community of experts.

What is market equilibrium

Sagot :

Market Equilibrium is when the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. The corresponding price is the equilibrium price or market clearing price, the quantity is the equilibrium quantity.