define equilibrium and explain concept equilibrium
Answers
Answered by
4
Equilibrium means when two sides of any object is equal to each other.
Answered by
5
Answer:
Equilibrium is the state in which market supply and demand balance each other, and as a result, prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.
hope it helps u....follow me....
plz mark it as a brsinliest answer. ..
Similar questions