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How does the supply and demand curves determine a market’s equilibrium?

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How does the supply and demand curves determine a market’s equilibrium?

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  1. The supply schedule or curves shows how much a supplier will supply at different prices.  The demand curves shows how much a buyer will buy at different prices.  Were the curves meet is the market's equilibrium.


  2. It is an economic model that has a number of assumptions and where the 2 curves intersect is known as equilibrium.
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