Question

The Quantity bought and _________ at the equilibrium price is called _______

Answer 1

Answer:

In the given figure, / || m. Find the values of x and y.

(7y+19)

1

162-4x

m

(5x-18)

Answer 2

Explanation:

The equilibrium price is the only price where the plans of consumers and the plans of producers agree—that is, where the amount of the product consumers want to buy (quantity demanded) is equal to the amount producers want to sell (quantity supplied). This common quantity is called the equilibrium quantity.