At a price of £10, consumers are willing to demand 20,000 units and firms are willing to supply 20,000 Units. Is this market in equilibrium?
Yes, the market is in equilibrium because demand and supply are equal at 20,000 units.
At a price of £10, consumers are willing to demand 20,000 units and firms are willing to supply 20,000 Units. Is this market in equilibrium?
Yes, the market is in equilibrium because demand and supply are equal at 20,000 units.