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- Theoretical state of restIn economics, the equilibrium point is a theoretical state of rest where all economic transactions that “should” occur, given the initial state of all relevant economic variables, have taken place1. In a market without any external interference, the equilibrium point is reached when the quantity demanded by consumers is equal to the quantity supplied by producers2. At this equilibrium point, the price and quantity are determined by the intersection of the demand and supply curves2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.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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Economic Equilibrium Definition - Investopedia
Economic equilibrium is a condition or state in which economic forces are balanced. In effect, economic variables remain unchanged from their equilibrium values in the absence of external influences. Economic equilibrium is also referred to as market equilibrium. Economic equilibrium is the combination … See more
Equilibrium is a concept borrowed from the physical sciences, by economists who conceive of economic processes as analogous to … See more
In microeconomics, economic equilibrium may also be defined as the price at which supply equals demand for a product, in other words where the hypothetical supply and demand curves intersect. If this refers to a market for a single good, service, or factor of production it … See more
Equilibrium is a fundamentally theoretical construct that may never actually occur in an economy, because the conditions underlying supply and demand are often dynamic and … See more
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