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it is a condition of price stability,where the quantity demanded equal the quantity supplied.

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Q: Define market equilibrium
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Define the term equilibrium Explain the changes in market equilibrium and effects to shifts in supply and demand?

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Describe the role of prices in market economics define the equilibrium of a market descrobe the forces that move a market toward its equlibrium?

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The equilibrium price refers to the price point at which supply and demand are equal. This price can be found by applying the three basic properties of equilibrium.


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Market equilibrium is this situation when market demand is equal of market supply


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It was found experimentally that Market has to re-establish Equilibrium via Market mechanism. Such that Market equilibrium is a desired status in the market where both suppliers and Consumers will tend re-establish market equilibrium (through demand & Supply) undeliberately.


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If we bring together the supply and demand curves onto one diagram, we find that they intersect at only one price. This is the market or equilibrium price. Only at this price is the quantity demanded equally to the quantity supplied. The equilibrium or market price is arrived at by a gradual process. If trading takes place at prices other than the market price, there will be either a shortage or a surplus, which will cause the price to move until it settles at the equilibrium level.


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