market equilibrium |
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Definition
Situation where the supply of an item is exactly equal to its demand. Since neither there is surplus nor shortage in the market, there is no innate tendency for the price of the item to change.
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market equilibrium is in the Advertising, Marketing, & Sales and Economics, Politics, & Society subjects.
market equilibrium appears in the definitions of the following terms: neo classical economics, neoclassical economics and demand and supply
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