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what is
Question by shiniinfosys (13)
Answer by xtoxicxxheartx (22)
The equilibrium price is when the market price of an item equals the quality demanded, it is like a ratio of product price to demand.
Answer by fancbiz (952)
It is a market price where the supply of an item equals the demand. In this case there is a balance between supply and demand and thus no price wars.
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