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At the market price for a product, quality demanded is equal to the quantity supplied. There is no excess demand and no excess supply. What economic term would describe this sce…

At the market price for a product, quality demanded is equal to the quantity supplied. There is no excess demand and no excess supply. What economic term would describe this sce…
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At the market price for a product, quality demanded is equal to the quantity supplied. There is no excess demand and no excess supply. What economic term would describe this scenario?

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User Lenora
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1 Answer

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Supply-Demand Market Equilibrium.
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User SRBhagwat
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