Question

define consumers equilibrium in perfect competition​

Answer 1

$\huge \fbox \purple{❥Answer}$

Equilibrium in perfect competition is the point where market demands will be equal to market supply.

A firm's price will be determined at this point. In the short run, equilibrium will be affected by demand.

In the long run, both demand and supply of a product will affect the equilibrium in perfect competition.

Answer 2

$\huge \mathfrak{answer}$

your answer....

In economics, specifically general equilibrium theory, a perfect market, also known as an atomistic market, is defined by several idealizing conditions, collectively called perfect competition, or atomistic competition. In theoretical models where conditions of perfect competition hold, it has been demonstrated that a market will reach an equilibrium in which the quantity supplied for every product or service, including labor, equals the quantity demanded at the current price. This equilibrium would be a Pareto optimum.

mark as Brainliest pls