in microeconomics, what occurs when equilibrium is reached?\nprices decline.\nprices increase.\nprices are…
in microeconomics, what occurs when equilibrium is reached?\nprices decline.\nprices increase.\nprices are set.\nprices fluctuate.
Answer
Brief Explanations:
In microeconomics, equilibrium occurs at the intersection of the supply - and - demand curves. At this point, the quantity demanded equals the quantity supplied, and the market - clearing price is set. There is no upward or downward pressure on prices.
Answer:
Prices are set.