A market is said to be in equilibrium if the supply and demand curve intersects.
<u>Explanation</u>:
A supply of a certain product meets the demand of that product i.e., if the "supply" and "demand" of the product is equal, then the market is at "equilibrium". The price corresponding to it is then called a market-clearing price or equilibrium price whereas the quantity is known as the equilibrium quantity. But this comes with two conditions of surplus and shortage when there is a change in the supply and demand curve. So, a market to be at equilibrium having an equilibrium price, it is always important that the supply meets the demand.
Answer:
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Explanation:
Answer:
The government was strong an passed laws to help the state
Explanation:
I did a test
I'm no expert on this, but I would say conquoring other lands and kingdoms. Going into battles and winning. Taking over cities, and stealing their items. They were very powerful back then, and demanded respect.
~Silver
