Definition of Equilibrium Output?


Equilibrium output is the level of output at which the quantity demanded is equal to the quantity supplied. It's the point where the supply and demand functions intersect. In reference to an economy, equilibrium output is defined as the point where aggregate demand and aggregate supply are equal. At this level of output, whatever is supplied on the market is all purchased and the given the price.
Q&A Related to "Definition of Equilibrium Output?"
1. Determine your supply and demand curve functions. For example, assume your functions are 30-10P and 3+14P. 2. Set the two functions to equal each other. In the example, 30-10P=
Answer I don't know. PLEASE tell me or us.
Genetic equilibrium is the condition in which the frequencies of
sense of equilibrium: a sensory system located in structures of the inner ear that registers the orientation of the head
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