why is market equilibrium important in economics?
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why is market equilibrium important in economics?
why is market equilibrium important in economics?
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Equilibrium is important to create both a balanced market and an efficient market. If a market is at its equilibrium price and quantity, then it has no reason to move away from that point, because it's balancing the quantity supplied and the quantity demanded.
Explanation:
because market is important in the people because without market is many people is problem the goods