Respuesta :
The only price at which consumer and producer plans can be reconciled is the equilibrium price, which is reached when the quantity of the good that consumers wish to purchase, or quantity demanded, equals the quantity that producers wish to sell, or quantity supplied. The equilibrium quantity is the name given to this common quantity..
What is equilibrium quantity?
- When a product is in equilibrium quantity on the market, there is neither a shortage nor an excess.
- When supply and demand coincide, the quantity of a good that customers desire to buy and the quantity that its suppliers are supplying are the same.
What are the equilibrium quantity and price?
- The only price at which consumer and producer plans coincide is the equilibrium price, which is reached when the quantity of a good that consumers want to buy (quantity demanded) .
- the quantity of a good that producers want to sell (quantity supplied) are equal. The equilibrium quantity is the name given to this common quantity.
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