Question

define equilibrium..​

Answer 1

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Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable. The balancing effect of supply and demand results in a state of equilibrium.

Answer 2

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Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable. ... The balancing effect of supply and demand results in a state of equilibrium.

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