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?"
We know that at equilibrium expenditure is equal to aggregate demand which is equal to output. How do we solve for the value of output given separate components of our aggregate demand
Answer I don't know. PLEASE tell me or us.
Molarity is a measure of concentration. Equilibrium is a
sense of equilibrium: a sensory system located in structures of the inner ear that registers the orientation of the head
About -  Privacy -  Careers -  Ask Blog -  Mobile -  Help -  Feedback  -  Sitemap  © 2014