Physics, asked by Anonymous, 4 months ago

what is hypothetical equilibrium?

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Answers

Answered by Anonymous

Explanation:

equilibrium may also be defined as the price at which supply equals demand for a product, in other words where the hypothetical supply and demand curves intersect.

Answered by atul12422

Answer:

Economic equilibrium is a condition or state in which economic forces are balanced. In effect, economic variables remain unchanged from their equilibrium values in the absence of external influences. Economic equilibrium is also referred to as market equilibrium

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