hannahchilegirl7712 hannahchilegirl7712
  • 22-09-2021
  • Mathematics
contestada

The graph shows the supply and demand curves for the newest super widget. what is the equallibrium price?

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francocanacari
francocanacari francocanacari
  • 02-10-2021

Economic equilibrium is a state of the economy in which products are sold and demand is satisfied under conditions in which available labor resources and production capacities are fully utilized and the proportions consumed are rapidly restored.

Thus, the equilibrium price is one in which there are no external factors such as the restriction of supply or demand that affect or make it vary, thus being the ideal condition in a market economy.

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