Question

how does market equilibrium exists of class 11 economic
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Answer 1

Answer:The equilibrium price is determined by the intersection of market demand curve and supply curve. It is the price at which the market demand equals market supply. ... Thus, the invisible hands of market operate automatically whenever there exist excess demand and excess supply; ensuring equilibrium in the market.

Answer 2

Answer:

The equilibrium is determined by the intersection of consumers' demand curve and the 'P = min AC' line. At equilibrium point E, quantity supplied by each firm is qe at the price (P).