In one or two sentences, explain why there is no excess demand or excess supply at the equilibrium price.

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asked Jun 18, 2020 195k views

2 Answers

Mlarsen · Answer 1 · 2020-06-19T06:54:34+0000

Answer:

The equilibrium price means that at this price, the exact number of units demanded are being produced in the market. Therefore, all the buyers are satisfied and there is no need to produce any more.

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TheDarkKnight · Answer 2 · 2020-06-22T05:50:47+0000

Answer:

The equilibrium price means that at this price, the exact number of units demanded are being produced in the market. Therefore, all the buyers are satisfied and there is no need to produce any more.

In one or two sentences, explain why there is no excess demand or excess supply at the equilibrium price.

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