jeremycsims06
jeremycsims06 jeremycsims06
  • 02-10-2019
  • Social Studies
contestada

When are equilibrium prices achieved?

Respuesta :

cheesyplaysmine
cheesyplaysmine cheesyplaysmine
  • 02-10-2019

Answer:

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.

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