Answer to Question #188712 in Economics for ISHAQ YUSUF

Question #188712

Equilibrium point determine, equilibrium


1
Expert's answer
2021-05-04T12:17:00-0400

Economic equilibrium is a condition or state in which economic forces are balanced. The point of equilibrium represents a theoretical state of rest where all economic transactions that “should” occur, given the initial state of all relevant economic variables, have taken place.


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