-Market Equilibrium occurs when the quantity supplied of a given product is equal to the quantity demanded of the same product.
-Price remains stable because there will be no surplus or shortage.
-On the graph, the supply curve and demand curve intersect.
-Market Equilibrium occurs when the quantity supplied of a given product is equal to the quantity demanded of the same product.
-Price remains stable because there will be no surplus or shortage.
-On the graph, the supply curve and demand curve intersect.
1 www.allbusiness.com, accessed January 11, 2012, http://www.allbusiness.com/glossaries/supply-demand-curves-supply-equilibrium/4958000-1.html.