what is hypothetical equilibrium?
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economic equillibrium is a condition or state in which economic forces are ballanced . Economic equillibrium may also be defined as the point at which supply equals demand for a product ,with the equillibrium price existing where the hypothetical supply and demand curves intersect. hope its help u.
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Consider the hypothetical reversible reaction in which reactants A and B react to form products C and D. This is because equilibrium is defined as a condition resulting from the rates of forward and reverse reactions being equal.
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