When quantity demanded in a market equals quantity supplied, then the:
market will not clear without further price adjustments.
market is in equilibrium.
equilibrium price is less than expected by buyers.
market is in temporary disequilibrium.
When we say that a market is in equilibrium. It means that the quantity demanded of a particular product is equal to the quantity supplied in the market.
At this state, the price in the market is the equilibrium price.
