Equilibrium is the most desired state for both producers and consumers. True False?

Answers

Answer 1

Answer:

True.

Explanation:

I think its true.

If there are more consumers than producers, then the consumers will compete with each other to get the product. The price of the product will go up.

If there are more producers and consumers may be wonderful for the consumers because the producers will lower their price to try and get your business. The problem is, if they lower it too far, they are in danger of going out of business because they are not making any money.

At equilibrium both sides of the equation are balanced. The price ought to remain stable.


Related Questions

how does pop culture affect our society?

Answers

Answer:

pop culture affects our society by influencing what people do.. such as fashion trends and social media. hope this helped you!!

Pop culture informs how people make sense of the world. It reveals what society believes about itself, but it can also be used as an instrument for effecting social change. “It's an interface with the world and a vehicle (for) education … Studying pop culture teaches us something new by challenging us to critically consider the society we live in. The study of pop culture helps us to gain empathy by recognizing ourselves in each other.

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