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What is a stable equilibrium? - Economics

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Question

What is a stable equilibrium?

Very Short Answer
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Solution

A stable equilibrium is the one which, if displaced due to some small disturbance, brings forces into operation which restore the initial equilibrium position.

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Chapter 6: Market Mechanism: Equilibrium Price and Quantity in a Competitive Market - TEST YOURSELF QUESTIONS [Page 114]

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Frank Economics [English] Class 12 ISC
Chapter 6 Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
TEST YOURSELF QUESTIONS | Q 7. | Page 114
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