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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

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