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NISA [10]
3 years ago
9

What does the equilibrium price represent?

Social Studies
2 answers:
saw5 [17]3 years ago
3 0

Answer:

Equilibrium price is a common economics term that refers to the exact price at which market supply equals market demand

Olegator [25]3 years ago
3 0

Answer: the equilibrium is the price in which supply and demand converge. The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect.

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