Discuss Market equilibrium using demand and supply curves
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A supply curve shows the relationship between quantity supplied and price on a graph. ... The equilibrium price and equilibrium quantity occur where the supply and demand curves cross. The equilibrium occurs where the quantity demanded is equal to the quantity supplied.
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Answered by
1
Explanation:
A supply curve shows the relationship between quantity supplied and price on a graph. ... The equilibrium price and equilibrium quantity occur where the supply and demand curves cross. The equilibrium occurs where the quantity demanded is equal to the quantity supplied.
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