Economy, asked by alongconor, 4 months ago

Explain market equilibrium condition with the help of a schedule

Answers

Answered by simpleabhi23

Explanation:

Definition of market equilibrium – A situation where for a particular good supply = demand. When the market is in equilibrium, there is no tendency for prices to change. We say the market-clearing price has been achieved. ... At most prices, planned demand does not equal planned supply.

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