Answer to Question #249675 in Economics for sarabeez

Question #249675

how demand and supply curve are equal?how to explain the equalibiriyum happen there?

Expert's answer

Equilibrium is the point where the quantity demanded of a product equals the quantity supplied. This means that there's no surplus and no shortage of goods.

Learn more about our help with Assignments: Economics

Comments

No comments. Be the first!

Leave a comment

Related Questions

1. Distinguish between income elasticity of demand and cross price elasticity of demand. Include a prov
2. Entry Sports Utility Vehicles (SUVs) are quickly gaining popularity among Indonesian vehicle buyers,
3. It has been estimated that there are about 10^29 free electrons per cubic meter incopper. Find the a
4. What is the defence portion in Pakistan budget
5. In today’s situation of Covid -19 Pandemic when the offline world is affected severely. Kindly thr
6. Mr. Ahuja decides to purchase a house for his family. His family consist of 4 people (namely his wif
7. Ms. Schauna Chauhan the CEO of Parle Agro, plans to start off with a new range of products for Healt

Who Can Help Me with My Assignment

There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
How to Finish Assignments When You Can’t

Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
How to Effectively Study for a Math Test

Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…