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GrogVix [38]
3 years ago
6

at the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply

. what economic term describes this?
History
1 answer:
PilotLPTM [1.2K]3 years ago
5 0
At the market price for a product, quality demanded equals the quantity supplied and there is no excess demand and no excess supply this is called "market equilibrium." 
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