Question

hi how are u plz answer what is meant by equilibrium

Answer 1

i am good dear nd thnx for asking

here is ur ans.
equilibrium is the state of balance between forces or influences that are working in opposite way...

Answer 2

Equilibrium refers to the economic situation where supply and demand for a certain good or service in the market is equal, which represents a stable market price to purchase and sell. In other words, consumers are purchasing the same value of goods or services that suppliers are willing to supply at the current, stable market price.