Market Equilibrium refers to a situation where the <u>goods </u><u>supplied </u><u>by producers is </u><u>equal </u><u>to the </u><u>goods demanded </u><u>by consumers. </u>
<h3>Market Equilibrium </h3>
- At this price, the market is balanced in that goods supplied equal goods demanded.
- When there is no market equilibrium, there will either be surpluses or deficits.
Market Equilibrium is important in a market because it allows for a balanced market which allows for the efficient transfer of goods and services.
Find out more on market equilibrium at brainly.com/question/12252562.
Answer:
Planets orbit stars. Stars don't orbit around planets.
Explanation:
The Sun is one of the main stars- which has planets orbiting around it. Mars orbits the sun so it's a planet.
The water would most likely become surface runoff if the land is frozen. Since the land is frozen, water would not be able to soak into the ground.
