Answer to Question #71613 in Microeconomics for Yusuf

Question #71613
What is market equilibrium ??
1
Expert's answer
2017-12-07T10:11:07-0500
Market equilibrium is a state where economic forces such as supply and demand are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change.
Reference:
https://en.wikipedia.org/wiki/Economic_equilibrium

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