What is them meaning of equilibrium in economics? – InterviewSolution

1.	What is them meaning of equilibrium in economics?
Answer» ANSWER.... Equilibirium is a condition all state in which economic forces have balance. Economic equilibrium may also be defined as the point at which supply EQUALS demand for a product, with the equilibrium PRICE EXISTING where the HYPOTHETICAL supply and demand curves intersect. it can be applied in the number of contexts. $hope \: it \: helps$ $thanks$

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