Question

What is hypothetical equilibrium ?​

Answer 1

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$:\implies$ Hypothetical equillibrium is a condition or state in which economic forces are ballanced . It 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.

Answer 2

Economic equilibrium is a condition or state in which economic forces are balanced. ... Economic equilibrium may also be defined as the point at which supply equals demand for a product, with the equilibrium price existing where the hypothetical supply and demand curves intersect.\

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