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  2. The point of equilibrium represents a theoretical state of rest where all economic transactions that “should” occur, given the initial state of all relevant economic variables, have taken place.
    www.investopedia.com/terms/e/economic-equilibriu…
    Without any external interference, this market reaches its equilibrium when the quantity demanded by consumers is equal to the quantity supplied by producers. At this equilibrium point, the price of apples (P 1) and the quantity (Q 1) are determined by the intersection of the demand and supply curves.
    quickonomics.com/terms/economic-equilibrium/
     
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