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natta225 [31]
3 years ago
11

Under what conditions is a market at equilibrium

History
1 answer:
RideAnS [48]3 years ago
8 0

A market is said to be in equilibrium if the supply and demand curve intersects.

<u>Explanation</u>:

A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.

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Johnson planned to grant amnesty to the southern states and return personal property of the southern states. According to his plan the southern states had to form their own state governments and write new state constitutions. The plan of republicans was not lenient as that of Johnson’s.

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The take of radicals on slavery was appreciable. They believed that former slaves should be given equal rights like the US people.

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hey mate here is your answer

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