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Rohan Mahadik
on Nov 17, 2024

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At the equilibrium price, buyers have bought all they want to buy, but sellers have not sold all they want to sell.

Equilibrium Price

The price at which the quantity of a good supplied equals the quantity demanded, achieving market balance.

Buyers

Individuals or entities that purchase goods or services for consumption or investment.

Sellers

Individuals or entities that offer goods or services for sale to potential buyers in a marketplace.

  • Gain insight into the interrelation between market equilibrium, surplus, and shortage.
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Alain BondocNov 21, 2024
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