1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
xenn [34]
2 years ago
11

What is called"

equilibrium%7D%7D%7D" id="TexFormula1" title=" \bf \sf{\pink{market} \: \:{ \blue{equilibrium}}}" alt=" \bf \sf{\pink{market} \: \:{ \blue{equilibrium}}}" align="absmiddle" class="latex-formula">
​
Geography
2 answers:
marta [7]2 years ago
8 0

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.

dangina [55]2 years ago
6 0

•Definition of market equilibrium –The resulting balance between supply and demand is called a market equilibrium. A situation where for a particular good supply = demand. When the market is in equilibrium, there is no tendency for prices to change. We say the market-clearing price has been achieved.

•A market occurs where buyers and sellers meet to exchange money for goods.

•The price mechanism refers to how supply and demand interact to set the market price and amount of goods sold.

•At most prices, planned demand does not equal planned supply. This is a state of disequilibrium because there is either a shortage or surplus and firms have an incentive to change the price.

You might be interested in
What caribbean island is rich in natural gas, and what impact has this had on the economy?
dexar [7]
Hey there,
<span>CUBA has the largest reserves of OIL and NATURAL GAS of any island in the Caribbean.
</span>
Hope this helps :))

~Top
3 0
4 years ago
In which continent have the native people used the llama as much as people elsewhere have used the camel?
riadik2000 [5.3K]
The main continent would be South America. Llamas originated in North America, then migrated south to South America, and inhabited what is now Peru.
7 0
4 years ago
Paraguay generates much of its electricity with _____.
Sever21 [200]
The answer for this question is B: HydroElectric Power
4 0
4 years ago
Read 2 more answers
Josh has been living on the US border near the Rio Grande his entire life. He has been tracking one area of the river for about
labwork [276]

Question Options:

A. the creation of a new nation

B. the creation of a new state

C. a drastic boundary change

D. a small boundary change

Answer: He is witnessing a small Boundary Change.

A boundary change in geography is a change in a real or imaginary line or location.

The River was flowing towards the United States initially then changed towards Mexico. This is classified as a small change because he was tracking only a particular area of the

river.

8 0
4 years ago
Read 2 more answers
1). What impact did Chernobyl have on the world?
Neko [114]

Answer:

Explanation:

Mankind seems to learn very little from anything -- good or bad. There are many things you could say about Natural Gas or Oil, but one thing that neither one could do is create another Chernobyl.

People are saying that the cleanest and most efficient way to go would be to use Nuclear Power Plants. I admit that Gas and oil create their own set of environmental problems, but nothing as far reaching as something lasting 35 years as Chernobyl has done

Scientists are bewildered by Chernobyl heating up again. They cannot explain why let alone what can be done. Each of the alternate energy choices have their problems and have their ill effects on the environment.

8 0
2 years ago
Other questions:
  • How does rainfall affect climate and vegetation in latin america?
    11·2 answers
  • Which of the following stretches from the yenisei river to the lena river, and is mostly made up wilderness and permafrost?
    15·2 answers
  • What is the capital of Bosnia? Sarajevo, Ljubljana or Moscow
    13·2 answers
  • Which Caribbean nation has the most oil
    15·2 answers
  • Name and define mechanical weathering, give ONE example
    11·2 answers
  • What is the world doing to stop climate change and will it be enough?​
    5·1 answer
  • How do you explain why the measure of an angle is 19 degrees
    11·1 answer
  • SOMEONE PLEASE HELP! I NEED IT SOOOOO BADLY!
    11·1 answer
  • Why does Georgia have warmer temperatures in the summer
    7·1 answer
  • What does it mean if different layers of rock have different fossils?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!