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Define market equilibrium with suitable diagram.

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Define market equilibrium with suitable diagram.

    • Posted by Shreyaz Khan 5 years, 8 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Priya Minj 5 years, 8 months ago

    Under perfect competition, market of a product is in equilibrium when market demand and market supply are equal .each firm is a price taker and industry is the price maker . decision of buyers and sellers are coordinated through price.

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