Can it have something to do with men and women being equal??
2007-11-23 13:08:17 · 5 answers · asked by chefawbrey 2 in Social Science ➔ Economics
"Equilibrium" is a broad term that can be used in many contexts. In terms of economics, equilibrium means when supply equals demand.
2007-11-23 13:14:06 · answer #1 · answered by Iridescence 5 · 1⤊ 4⤋
Equilibrium is the state where nothing will change unless an outside force acts on it. A ball siting at the bottom of a container is in equilibrium as is the flow of water in a pipe out of a reservoir. In economics the equilibrium price is reached when no buyer would pay more and no seller would take less.
2007-11-23 22:16:52 · answer #2 · answered by meg 7 · 1⤊ 2⤋
It is the normal state, or balance of something.
2007-11-23 21:10:48 · answer #3 · answered by the Boss 7 · 0⤊ 4⤋
It means your completely balanced, your not dizzy. Just, normal.
2007-11-23 21:11:48 · answer #4 · answered by Anonymous · 0⤊ 4⤋
it is the point where the demand and supply curve meet.
2007-11-23 22:12:25 · answer #5 · answered by taton 2 · 1⤊ 3⤋