English

Define equilibrium. - Economics

Advertisements
Advertisements

Question

Define equilibrium.

Definition
Advertisements

Solution

Equilibrium refers to a situation in which the quantity demanded of a commodity equals the quantity supplied of the commodity.

shaalaa.com
  Is there an error in this question or solution?
Chapter 6: Market Mechanism: Equilibrium Price and Quantity in a Competitive Market - TEST YOURSELF QUESTIONS [Page 113]

APPEARS IN

Frank Economics [English] Class 12 ISC
Chapter 6 Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
TEST YOURSELF QUESTIONS | Q 1. | Page 113
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×