No products in the cart.

what is short run equilibrium?

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

what is short run equilibrium?
  • 1 answers

Meghna Thapar 3 years, 5 months ago

A short run competitive equilibrium is a situation in which, given the firms in the market, the price is such that that total amount the firms wish to supply is equal to the total amount the consumers wish to demand. In economics the long run is a theoretical concept in which all markets are in equilibrium, and all prices and quantities have fully adjusted and are in equilibrium. The long run contrasts with the short run, in which there are some constraints and markets are not fully in equilibrium.

http://mycbseguide.com/examin8/

Related Questions

Components of domestic territory
  • 1 answers
When was the niti aayog esatblished
  • 1 answers
Economics sample paper answer
  • 0 answers
Arihant sample paper 1 all in one solution
  • 0 answers
Why does circular flow of money never stop?
  • 1 answers
When was the Niti Aayog established
  • 5 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Download myCBSEguide App