Answered

At Westonci.ca, we make it easy to get the answers you need from a community of informed and experienced contributors. Explore thousands of questions and answers from a knowledgeable community of experts ready to help you find solutions. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

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

Thanks for using our service. We aim to provide the most accurate answers for all your queries. Visit us again for more insights. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.