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What is the equilibrium of supply and demand?

Supply and demand are the same, In the way that is the balance between given quantities and prices in which buyers and sellers are happy. Therefore the EQUILIBRIUM Is the price- quantity level in which both the buyers and the sellers are happy (where the lines intersect). This represents the SATISFACTION.

What if supply exceeds demand?

Until it learns, you may find that supply exceeds demand. If your breasts are hard and swollen, the letdown reflex can be more painful. Expressing a small amount of milk to ease the tenderness. Using a warm compress or expressing milk in the shower can help soften the breasts.

Why does supply equal demand?

An equilibrium occurs where “supply equals demand” because at that quantity all consumers have equal marginal values (and therefore have no incentive to trade), and all firms have equal marginal costs (and therefore have no incentive to shift production). It is easy to draw these curves and to shift them around.

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