JeneBerey JeneBerey
  • 24-02-2015
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at the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

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Gibbs
Gibbs Gibbs
  • 24-02-2015
At the market price for a product, quality demanded equals the quantity supplied and there is no excess demand and no excess supply this is called "market equilibrium." 
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