what is market eclubriam
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In economics, economic equilibrium is a situation in which economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change
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Market 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—while an under-supply or shortage causes prices to go up resulting in less demand.
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