in microeconomics, what occurs when equilibrium is reached? prices decline. prices increase. prices are set…
in microeconomics, what occurs when equilibrium is reached? prices decline. prices increase. prices are set. prices fluctuate.
Answer
Brief Explanations:
In microeconomics, equilibrium is the state where the quantity demanded equals the quantity supplied. At this point, there is no incentive for prices to change, so prices are set.
Answer:
Prices are set.