Definition of equlibrium
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Explanation:
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.
Answered by
1
Answer:
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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