what is short run equilibrium
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A short run competitive equilibrium is a situation in which, given the frims in the market, the price in such that that total amount the frims wish to supply is equal to the total amount consumers wish to demand.
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☆Short Run Equilibrium☆
Short run is defined as a period of time during which technology plays no role in the determination of output in the economy .it is a assumed to remain constant .higher level of employment lead to higher level of output does if employment is doubled output will also be doubled
short run equilibrium output is refers to the level of output in the economy .
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