Sign In
Ask Question
Cooper
History
9 March, 10:37
Under what conditions is a market at equilibrium
+5
Answers (
1
)
Gordon Snyder
9 March, 10:40
0
A market is said to be in equilibrium if the supply and demand curve intersects.
Explanation:
A supply of a certain product meets the demand of that product i. e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Find an answer to your question 👍
“Under what conditions is a market at equilibrium ...”
in 📗 History 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
You Might be Interested in
The thirteen american colonies declared their indepence from great britain because britain
Answers (1)
What was the purpose of the wpb
Answers (1)
1. Most House business is conducted within the Committee of the Whole because this arrangement
Answers (1)
The economy of ancient egypt relied most heavily on:
Answers (1)
What is the definition of the Latin word Historia? a. the study of books b. the study of artifacts c. the study of past events d. the study of archaeology
Answers (2)
New Questions in History
True or false: More than half of all languages come from Asia and the Pacific Islands.
Answers (2)
After 1965, black civil rights leaders found it difficult to A. protest the Vietnam War. B. enforce the new laws in the South. C. now support Hispanic rights in the United States. D. achieve economic equality in the North.
Answers (1)
Melting pot term comes into general usage
Answers (1)
How did world war i change women's roles in the united states? women received greater educational opportunities. women fought alongside men in the military. women replaced men in the workforce. women earned more money than men.?
Answers (1)
Militarism lead to the start of World War I because it caused
Answers (1)
Home
»
History
» Under what conditions is a market at equilibrium
Sign In
Sign Up
Forgot Password?