Business, 18.12.2019 22:31 Ashbff18

If equilibrium exists:

a. all consumers must have the highest happiness level.
b. there will be no remaining opportunities for individuals to make themselves better off.
c. the price in that market will not fluctuate by more than 5 %.
d. the number of buyers will equal the number of sellers.

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If equilibrium exists:

a. all consumers must have the highest happiness level.
...

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