Question

Equilibrium is defined as a situation in which -------.

a. Neither buyers nor sellers want to change their behavior

b. No government regulations exist

c. Demand curves are perfectly horizontal

d. Suppliers will supply any amount that buyers wish to buy

Answer 1

Heya....

See here for your answer....

=================

Equilibrium is the situation that is defines as...

Supplier will supply any amount that buyer wish to buy...

Reason...

In this term no access product left with seller and no unfullfill demand of consumer left..

Thank you

Answer 2

Concept:

The demand refers to different quantities are demanded at the different price. The supply refers to different quantities are supplied at the different price.

Given:

Equilibrium is defined as a situation in which Neither buyers nor sellers want to change their behavior, No government regulations exist, Demand curves are perfectly horizontal and Suppliers will supply any amount that buyers wish to buy.

To find:

Equilibrium is defined as a situation in which is to find out.

Solution:

Equilibrium is defined as the situation in which the demand curve is equal to the supply curve. It means the buyers demand that commodity which the supplier supply. It is known as market equilibrium.