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What is market equilibrium?

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प्रश्न

What is market equilibrium?

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उत्तर

Market equilibrium is the situation in a market where the quantity demanded by consumers equals the quantity supplied by producers at a particular price. This price is called the equilibrium price. At this point, there is neither a shortage nor a surplus of the good in the market.

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पाठ 9: The Price Puzzle: What Drives the Market - Intext Questions [पृष्ठ १९५]

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एनसीईआरटी Social Science Understanding Society India and Beyond Part 1 [English] Class 9
पाठ 9 The Price Puzzle: What Drives the Market
Intext Questions | Q 3. i | पृष्ठ १९५
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