Respuesta :
The equilibrium price of coal will INCREASE and the equilibrium amount of coal will DECREASE as families leave mining areas in pursuit of safer occupations.
- When supply and demand are balanced and the values of economic variables remain stable in the absence of external influences, this situation is referred to as an economic equilibrium.
- The price that is agreed upon when a product transaction occurs is called an equilibrium price, sometimes referred to as a market clearing price.
The significance of the pricing equilibrium
- Equilibrium is essential for a market to be both efficient and balanced. Because it is keeping a balance between the amounts supplied and sought, a market cannot deviate from its equilibrium price and quantity.
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