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What is the function of equilibrium?

Updated: 8/10/2023
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Wiki User

12y ago

Best Answer

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 called the equilibrium price

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Mossie Auer

Lvl 13
1y ago
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Bennett Bode

Lvl 13
2y ago

There's no function, it's just a state that happens.

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Wiki User

11y ago

When two things are in balance e.g. two objects leaning on one another - these are balanced. However if one object moved the other would fall over - unbalanced.

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Wiki User

9y ago

The meaning of the term equilibrium is that it is where two opposing forces are in a state of balance. It is equal forces, whether it be mental or physical.

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Q: What is the function of equilibrium?
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