Respuesta :
We would anticipate a rise in the equilibrium quantity and an unclear change in the equilibrium price in the market for personal computers.
Describe equilibrium.
Market equilibrium is the condition in which supply and demand are equal and stable prices result. In general, a surplus of goods or services leads to lower prices, which increases demand, whereas a shortfall or undersupply raises prices, which decreases demand.
An equilibrium state is produced as a result of supply and demand balancing.
The price at which a commodity's supply and demand are equal is known as the equilibrium price.
The forces of supply and demand are said to be roughly equal, and the market is said to be in an equilibrium state when a major index goes through a period of consolidation or sideways movement.
Economists claim that prices often vary at equilibrium levels. The market will push sellers to intervene and produce more if the price rises too much. If the pricing is too cheap, more buyers will place higher bids. Through these acts, the equilibrium level is kept in a state of relative equilibrium over time.
So let's say that both the supply and demand for personal computers rise. In the personal computer market, we would anticipate that the equilibrium quantity would increase and that the equilibrium price.
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