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23 August, 00:26

When quantity demanded in a market equals quantity supplied, then the:

market will not clear without further price adjustments.

market is in equilibrium.

equilibrium price is less than expected by buyers.

market is in temporary disequilibrium.

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  1. 23 August, 01:35
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    market is in equilibrium

    When we say that a market is in equilibrium. It means that the quantity demanded of a particular product is equal to the quantity supplied in the market.

    At this state, the price in the market is the equilibrium price.
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