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13 November, 14:31

The price and quantity determined in a market when the supply equals the demand, the market is in the state of

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  1. 13 November, 14:41
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    Market equilibrium

    Explanation:

    The market equilibrium is the price at which the quantity demanded and the quantity supplied are intersected to each other

    The intersection could be done by supply and demand curves

    Moreover, there is a positive relationship between the price and quantity supplied while for quantity demanded it has an inverse relationship between the price and quantity demanded
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