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What is meant by equilibrium? - Economics

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Question

What is meant by equilibrium?
Very Short Answer
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Solution

Equilibrium is a condition where the amount of a commodity buyers want to purchase is equal to the amount sellers are willing to supply.

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Chapter 1: Force, Work, Energy and Power - Exercise 1 [Page 56]

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Frank Physics - Part 2 [English] Class 10 ICSE
Chapter 1 Force, Work, Energy and Power
Exercise 1 | Q 8 | Page 56
Frank Economics [English] Class 12 ISC
Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 71. (i) | Page 461
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