Economy, asked by mainacleophus, 10 months ago

Equilibrium in a two commodity market

Answers

Answered by Rajputadarshsingh3

0

Answer:

Equilibrium in the market for goods and services is determined by the interaction of the demand and the supply curves. At the equilibrium point, the quantity supplied is equal to the quantity demanded and the price paid by the buyers is equal to the price that the sellers are willing to accept.

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