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Uploaded by f2019005095

microeconomic 1

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Market Equilibrium
Market equilibrium is a market state where the supply in
the market is equal to the demand in the market.
Equilibrium price is the price of a good or service when
the supply of it is equal to the demand for it in the market.
Demand=Supply
Decrease in Demand
Increase in Demand
Supply curve shifts left
Supply curve shifts right
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