Answered

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Illustrate each of the following situations and write what happened to price equilibrium

(increase, decrease or indeterminate?) and quantity equilibrium (increase, decrease or indeterminate?).

as necessary, label s1, s2, d1, d2, peqi, peq2, qeq1, qeq2 and uses arrows to show shiftso

Sagot :

The equilibrium price is the customer cost that is assigned to a product where the quantity demand and supply is equal.

What is price equilibrium?

Your information is incomplete. Therefore, an overview will be given. It should be noted that price equilibrium simply means the price where the quantity demanded and supplied are equal.

This is the price at which the supply and demand are balanced in the absence of external influence.

Learn more about price equilibrium on:

https://brainly.com/question/26075805

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