At the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

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Social Studies

7 December, 21:34

At the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

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Jayson · Answer 1

At the market price for a product, quality demanded equals the quantity supplied and there is no excess demand or supply the economic term that describes this is called market equality. This is also known as market equilibrium.