Question

what do you call to the market condition where the quantity demanded is equal to the quantity supplied at the given price?how does this happen?​

Answer 1

Explanation:

Equilibrium: Where Supply and Demand Intersect

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

Answer 2

Answer:

Equilibrium: Where Supply and Demand Intersect

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

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

Explanation:

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