JeneBerey JeneBerey
  • 24-02-2015
  • History
Answered

at the market price for a product, quality demanded equals the quantity supplied. there is no excess demand and no excess supply. what economic term describes this?

Answer :

Gibbs
Gibbs Gibbs
  • 24-02-2015
At the market price for a product, quality demanded equals the quantity supplied and there is no excess demand and no excess supply this is called "market equilibrium." 
Answer Link

Other Questions

How to work out5x12x8
describe three different feeding methods of marine birds
Imagine you are giving a speech to your class about reasons why the United States rapidly formed over a dozen states in the West between 1850 and 1900 Which eve
1258 explain the answer
metaphors for courage
In 25 minutes Li can run 10 laps around the track How many laps can she run per minute
For which points is the sum of their x and ycoordinates greater than 4 for example 5 2 since 5 2 7 or 3 9 since 3 9 6 A E X Z B Z E C X L D D L
Which of these was an important industry during the Shang Dynasty 4 points silkmaking basket weaving cloth dyeing leathermaking
Which statement describes the role of the Federal Reserve System A It prints all the paper money in circulation in the United States B It proposes bills to Cong
The length of rectangle ABCD is 4x its width AD DC 25 What is its length