Question

Achieving market equilibrium typically indicates what in a market?

Answer 1

Answer:

Market Equilibrium is termed as the state of the market where supply of the goods becomes equal to the demand of those good, when this supply and demand comes parallel, it is said that the market has achieved the market equilibrium. One condition which needs to provided is that the external factors should remain constant. At market equilibrium, the price of the goods remain constant, therefore, people continue purchasing the products in the same quantity which in return balances the supply side further and equally,