asked 170k views
2 votes
A product has reached its equilibrium price when

asked
User Losee
by
7.8k points

1 Answer

5 votes

Answer:

A market is said to have reached equilibrium price when the supply of goods matches demand. A market in equilibrium demonstrates three characteristics: the behavior of agents is consistent, there are no incentives for agents to change behavior, and a dynamic process governs equilibrium outcome.

Step-by-step explanation:

i hope this helps

answered
User Tobsey
by
8.2k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.