what is Market equilibrium in Economics
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Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.
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Market Equilibrium :- Market Equilibrium then Dx = Sx .
In this situation not any excess Demand and not any excess supply.
In this situation not any excess Demand and not any excess supply.
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