Economy, asked by pgarg964, 4 months ago

what do you mean by equilibrium price? how do the forces of demand and supply determine the equilibrium price

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Answered by nia0104

4

Answer:

122334567890'...''..

Answered by honeyhd10

2

Answer:

Equilibrium price is the price at which quantity demanded is equal to quantity supplied. Forces of demand and supply determine the equilibrium price when they are same and graphically the point at which demand and supply intersect is equilibrium point and price is determined.

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