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Equilibrium quantity is when there is no shortage or surplus of a product in the market. Supply and demand intersect, meaning the amount of an item that consumers want to buy is equal to the ...
Supply and demand determine equilibrium prices; high demand or low supply raises prices. Investing during low demand and high supply periods can lead to cost savings. Supply-demand principles ...
Equilibrium oil price is the oil price level that most oil producers are seeking and hoping to achieve, as it is necessary for their primary source of income. Without it would be bad news for the ...