Market equilibrium, disequilibrium, and changes in equilibrium

added article Financial Services

2023-03-02 21:46:09 -

In a competitive market, demand for and supply of a good or service determine the equilibrium price. Equilibrium MARKETS: Equilibrium is achieved at the price at which quantities demanded and supplied are equal. We can represent a market in equilibrium in a graph by showing the combined price and quantity at which the supply and demand curves intersect. For example, imagine...

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