Economy, asked by aryantadviavt, 2 months ago

Breif answer
what do you understand by equilibrium price? how do the force of demand and supply determine the equilibrium price

Answers

Answered by mohdmukeem56566

Answer:

Equilibrium price is the price at which quantity demanded is equal to quantity supplied. Forces of demand and supply determine the equilibrium price when they are same and graphically the point at which demand and supply intersect is equilibrium point and price is determined.

Explanation:

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