Economy, asked by deependra63, 10 months ago

what is zero excess supply

Answers

Answered by indian2020
2

Answer:

Excess demand function. ... The price of the product is said to be the equilibrium price if it is such that the value of the excess demand function is zero: that is, when the market is in equilibrium, meaning that the quantity supplied equals the quantity demanded.

Answered by agnel2007
0

Answer:

Excess demand function. ... The price of the product is said to be the equilibrium price if it is such that the value of the excess demand function is zero: that is, when the market is in equilibrium, meaning that the quantity supplied equals the quantity demanded.

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