4 years ago

1. Equilibrium in a market means which of the following?

History

2 answers:

SCORPION-xisa [38]4 years ago

8 0

Answer:

the point at which quantity supplied and quantity demanded are the same

Explanation:

romanna [79]4 years ago

7 0

Answer:

the point at which quantity supplied and quantity demanded are the same

Explanation:

Equilibrium in a market means the point at which quantity supplied and quantity demanded are the same. For a market to attain a state of equilibrium, the quantity of goods supplied should be equal to the quantity demanded to ensure there is neither demand nor supply surplus

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