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प्रश्न
Does market equilibrium exist in the real world?
लघु उत्तरीय
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उत्तर
Yes, market equilibrium can exist in the real world, but it is usually not permanent. Prices and quantities keep changing because demand and supply are affected by factors such as changes in income, preferences, production costs, technology and government policies. Therefore, markets may reach equilibrium for a period, but the equilibrium can change when market conditions change.
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