Agree or Disagree: The best place to be in a market is at Equilibrium for the...

Agree or Disagree: The best place to be in a market is at Equilibrium for the buyer and seller.

Expert Solution

The best place to be in a market is at equilibrium for buyer and seller because the equilibrium is a condition where the seller is ready to sell the goods and the buyer is ready to purchase the goods, and at the equilibrium point quantity demanded is equal to the quantity supplied, therefore, we can say that the equilibrium is the best place to be in the market for both buyer and seller.

Rahul Sunny answered 2 years ago

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Agree or Disagree: The best place to be in a market is at Equilibrium for the...

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