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Answer to Question #323354 in Macroeconomics for olive
Question #323354
What is the equilibrium quantity?
Expert's answer
Equilibrium quantity is when there is no shortage or surplus of a product in the market. Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the amount being supplied by its producers.
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#339914 on Dec 2023
#339914 on Dec 2023
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