Question

❕❗What is equilibrium? ❕❗

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Answer 1

❗❕equlirbr.im means st.attic state of water or any object ❗❕

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Answer 2

◌⑅⃝●♡⋆♡ Here's your Answer ♡⋆♡●⑅◌

Equilibrium is the state in which market supply and demand balance each other, and as a result, prices become stable. Generally, an over-supply of goods or services causes prices to go down, which results in higher demand. The balancing effect of supply and demand results in a state of equilibrium.