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  • one year ago

Equilibrium is defined when A)supply is limited and demand decreases. B)supply and demand meet. C)demand is higher than supply. D)supply is higher than demand.

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  1. anonymous
    • one year ago
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  2. dmndlife24
    • one year ago
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    Equilibrium is defined when supply and demand meet. The equilibrium point on a graph is where the supply curve intersects the demand curve, usually where you should set the price of a certain good or service. If the price of a good is above equilibrium, this means that the quantity of the good supplied exceeds the quantity of the good demanded. Therefore, there is a surplus of the good on the market.

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