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Alenkasestr [34]
3 years ago
13

Which statement defines equilibrium in a graph showing demand and supply curves?

English
1 answer:
PtichkaEL [24]3 years ago
5 0
When the amount demanded is equal to the amount supplied, then equilibrium is achieved, known as the market equilibrium (aka supply-demand equilibrium), where the quantity is equal to the equilibrium quantity and the price is equal to theequilibrium<span> price.

I hope my answer has come to your help. God bless and have a nice day ahead!


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