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How is the equilibrium price determined?

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What is meant by the equilibrium price?

the demand for and supply of goods and services can be plotted on graphs using different prices. The supply and demand for a good or service intersect on the graph at what is

What is equilibrium price and euilibrium quantity?

Equilibrium price: Market equilibrium price is the price that results when quantity demanded is just equal to quantity supplied. Equilibrium quantity: Market equilibrium qua