In microeconomics we are concerned about markets being in, Ask an Expert

Economics

In microeconomics we are concerned about markets being in equilibrium. This refers to the point at which price, supply, and demand, are in equilibrium.

For your initial post I would like you to explain:

1) What it means to have a market in equilibrium, and how changes in supply or price would affect this equilibrium.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91822636

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