Economy, asked by snigdha37, 1 year ago

what does price equilibrium means?

Answers

Answered by 27jenny

5

Heyyy mate

EQUILIBRIUM PRICE is a price on which market demand and market supply is equal.

In the image the following are shown -

1. X axis represent demanded units .
2. Y axis represent price.
3. DD is demand curve.
4. SS is a sypply curve.

on which price DD curve equals to SS curve on the point of E it is called equilibrium price...

THANK U....
@27JENNY...

HOPE IT HELPS U

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27jenny: thank you @Rakeshmohata

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Answered by Anonymous

0

See the attached file..

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