Question

Explain EQ price pleasseeeee i dont know how to answer this :(

Answer 1

The market price where the quantity of goods supplied is equal to the quantity of goods demanded. So basically the amount of supply is equal to the amount of demand. Equilibrium is the point where the demand and supply curves intersect.

Answer 2

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.