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