Ask Question
22 October, 04:40

In one or two sentences, explain why there is no excess demand or excess supply at the equilibrium price.

+5
Answers (1)
  1. 22 October, 04:49
    0
    The equilibrium price means that at this price, the exact number of units demanded are being produced in the market. Therefore, all the buyers are satisfied and there is no need to produce any more.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “In one or two sentences, explain why there is no excess demand or excess supply at the equilibrium price. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers