At the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

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asked Jun 15, 2016 173k views

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AllTradesJack · Answer 1 · 2016-06-18T20:30:22+0000

At the market price for a product, quality demanded equals the quantity supplied and there is no excess demand and no excess supply this is called "market equilibrium."

At the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

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