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Oksi-84 [34.3K]
4 years ago
7

In 2-3 sentences, explain why there is no excess supply or demand of goods at the equilibrium price

History
1 answer:
dexar [7]4 years ago
7 0
Equilibrium is the point where supply and demand meet and the prices are set. Because the price is set as equilibrium (where supply and demand meet), there won't be an excess of either. However if you set the price above equilibrium, you move away from equilibrium and have disequilibrium which can create excess supply or excess demand.
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Answer:

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date 1868

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Explanation:

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Explanation:

I took the test and researched.

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3 years ago
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