Difference between revisions of "Equilibrium"
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(New page: Equilibrium is a state of balance or rest, lacking in any tendency to change. In economics, the equilibrium price is the price at which demand equals supply, and there is neither a surplu...) |
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Revision as of 21:14, May 20, 2007
Equilibrium is a state of balance or rest, lacking in any tendency to change. In economics, the equilibrium price is the price at which demand equals supply, and there is neither a surplus or shortage of goods.