What is equilibrium? Why is it such an important concept?

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Economics An Introduction To Traditional And Progressive Views

ISBN: 9780765616685

7th Edition

Authors: Howard J. Sherman, E. K. Hunt, Reynold F. Nesiba, Phillip A. O'Hara, Barbara A. Wiens-Tuers

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Question Posted: Nov 08, 2023 03:07 AM

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What is equilibrium? Why is it such an important concept?

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Equilibrium is the state in which opposing forces are balanced and no net change occurs It is a fundamental concept in many fields including physics c...View the full answer

Economics An Introduction To Traditional And Progressive Views

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