Economy, asked by ankushthappa4224, 1 year ago

Short note on concept of equilibrium​

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Answered by dimplesharma34535599
0

Answer:

Equilibrium is the state in which market supply and demand balance each other, and as a result prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand—while an under-supply or shortage causes prices to go up resulting in less demand.

Answered by hariomp2304
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Answer:

your answer is above.

I hope it will help you.

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