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Afina-wow [57]
3 years ago
11

What is the Equllbrillim price?

Social Studies
2 answers:
Liono4ka [1.6K]3 years ago
3 0

Answer:

The equilibrium price is the price at which the quantity demanded equals the quantity supplied. It is determined by the intersection of the demand and supply curves. A surplus exists if the quantity of a good or service supplied exceeds the quantity demanded at the current price; it causes downward pressure on price.

Explanation:

katen-ka-za [31]3 years ago
3 0

Answer:

The equilibrium price is the price at which the quantity demanded equals the quantity supplied.

Explanation:

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