Question

determine the Market equilibrium price . how much quantity will be Sold at equilibrium price ?
hoping a good answer ​

Answer 1

When the quantity of supplies in demand is equal to the quantity of supplies available, a market has reached equilibrium. The equilibrium price is the only price where the plans of consumers and the plans of producers agree—that is, where the amount consumers want to buy of the product, quantity demanded, is equal to the amount producers want to sell, quantity supplied.