What is Equilibrium, What do you mean by the term Equilibrium ? Also state its proper

What is Equilibrium

What do you mean by the term Equilibrium? Also state its proper definition.

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Equilibrium:

A) It is the point where supply and demand curves intersect is termed as the market’s equilibrium.

B) Definition of equilibrium: It is a condition in which the price has reached the level where quantity supplied equivalents quantity demanded.

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