equilibrium occurs when supply and demand coordinate to\no set excess demand.\no set prices and…
equilibrium occurs when supply and demand coordinate to\no set excess demand.\no set prices and production.\no maintain excess supply.\no raise prices and production.
Answer
Brief Explanations:
In economics, equilibrium is the state where supply and demand are balanced. This balance determines the market - clearing price and quantity of production. Excess demand or excess supply indicates a non - equilibrium situation. Raising prices and production is not the definition of equilibrium. Equilibrium occurs when supply and demand set prices and production.
Answer:
set prices and production.