Answered

At Westonci.ca, we connect you with experts who provide detailed answers to your most pressing questions. Start exploring now! Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

What is equilibrium, from an economic perspective? a. the theoretical price point at which demand equals supply b. a state of "all other things being equal" c. a condition in which no buying or selling is occurring d. an economy functioning without outside intervention

Sagot :

silvetsomiah75

Answer:

A theoretical price point at which demand being equal

The theoretical price point at which demand equals supply is the correct answer.

What is equilibrium?

Equilibrium is a state of balance or condition of stableness.

In economics, equilibrium is also the same, it is a condition in which prices become stable by the balance of market supply and demand.

It is a situation in which conditions cannot be changed by any economic agent strategy.

There are some properties of equilibrium

1. Consistency in the behavior of agents.

2. No economic agent has an incentive to change the behavior.

3. Equilibrium is the outcome of a few dynamic processes.

Therefore, the theoretical price point at which demand equals supply is the correct answer.

Learn more about economic equilibrium here

https://brainly.com/question/1587562

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.