Question

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Describe the term Equilibrium.​

Answer 1

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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.

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Answer 2

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Describe the term Equilibrium.

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equilibrium refers to the stable state or condition in which the opposing charges cancel out each other and there is no charge that is the charge is zero .

For example

when the supply and demand are equal .

Second , when we are calm and steady

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