Question

what is mean by general equilibrium?​

Answer 1

Answer:

Explanation:

General equilibrium shows how supply and demand interact and tend toward a balance in an economy of multiple markets working at once. The balance of competing levels of supply and demand in different markets ultimately creates a price equilibrium.

Answer 2

Answer:

General equilibrium shows how supply and demand interact and tend toward a balance in an economy of multiple markets working at once. The balance of competing levels of supply and demand in different markets ultimately creates a price equilibrium.