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What is market equilibrium

What is market equilibrium

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What is market equilibrium

What is market equilibrium

Answer

Market Equilibrium is when the supply and demand curves intersect, the market is in equilibrium.
This is where the quantity demanded and quantity supplied are equal.
The corresponding price is the equilibrium price or market clearing price, the quantity is the equilibrium quantity.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 8 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 184 views.

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