Market equilibrium is a situation of the market where the demand for goods and services equals the supply with the given price.
The market equilibrium is automatically achieved in the marketplace as there is no incentive to deviate from the market equilibrium situation.
In a state of market equilibrium, the excess of demand and supply does not exist. The price which prevails in the market is considered the market equilibrium price.
market equilibrium is the point where demand and supply curve intersect with each other. it is the situation where market demand is equal to market supply. (D=S)
Explanation:
Market equilibrium is a situation of the market where the demand for goods and services equals the supply with the given price.
this is the condition where the situation of excess demand and excess supply doesn't occurs
Answers & Comments
Market equilibrium is a situation of the market where the demand for goods and services equals the supply with the given price.
The market equilibrium is automatically achieved in the marketplace as there is no incentive to deviate from the market equilibrium situation.
In a state of market equilibrium, the excess of demand and supply does not exist. The price which prevails in the market is considered the market equilibrium price.
Verified answer
Answer:
market equilibrium is the point where demand and supply curve intersect with each other. it is the situation where market demand is equal to market supply. (D=S)
Explanation:
Market equilibrium is a situation of the market where the demand for goods and services equals the supply with the given price.
this is the condition where the situation of excess demand and excess supply doesn't occurs
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