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Question
What happens when a market is in equilibrium?
What happens when a market is in equilibrium?
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Solution
A market is in balance when cost changes with the amount of quantity requested and the equivalent amount provided. In case cost is more prominent than balance level, there will be an excess, which reduces the prices. A market is in harmony when demand and supply are equivalent.
A market is in balance when cost changes with the amount of quantity requested and the equivalent amount provided. In case cost is more prominent than balance level, there will be an excess, which reduces the prices. A market is in harmony when demand and supply are equivalent.
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