Question

1) what do you mean by equilibrium price ? (economics 11 isc )

god will bless the first one to answer this question... XD.....

Answer 1

Answer:

EQUILIBRIUM PRICE IS THE MARKET PRICE WHERE THE QUANTITY OF GOODS SUPPLIED IS EQUAL TO THE QUANTITY OF THE GOODS DEMANDED..............

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Explanation:

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Answer 2

Answer:

In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change.