when the market is in equilibrium

Expert Solution

The market will be in equilibrium when the demand is equal to the supply such that the buyers are willing to purchase the goods and services at the prevailing market price and the sellers of the goods and services are ready to supply at that prevailing market price, when these two conditions are satisfied the market will reach the equilibrium in which the demand will be equal to supply.

Rahul Sunny answered 2 years ago

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Market equilibrium

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How does the concept of "equilibrium" work when considering the supply of cardiologists in a market?

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