The equilibrium price is the price at which the quantity

Question

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The equilibrium price is the price at which the quantity demanded by buyers equals the quantity supplied by sellers. This occurs when the market is in balance, or in equilibrium. At this price, there is neither a shortage nor a surplus of goods, which means that all buyers who are willing and able to pay the equilibrium price can purchase the quantity they desire, and all sellers who are willing and able to sell at the equilibrium price can sell the quantity they wish to sell.

The Equilibrium Price Is the Price at Which the Quantity