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the point at which quantity supplied and quantity demanded are the same
Equilibrium is the point at which quantity demanded and quantity supplied are equal.
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Asked 5/1/2015 8:24:58 AM
Updated 5/1/2015 4:14:56 PM
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This answer has been confirmed as correct and helpful.
Edited by sujaysen [5/1/2015 4:14:53 PM], Confirmed by sujaysen [5/1/2015 4:14:56 PM]
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A system of allocating scarce goods and services using some criteria other than price
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Updated 12/21/2015 12:51:47 AM
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Rationing is a system of allocating scarce goods and services using some criteria other than price.
Added 12/21/2015 12:48:08 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [12/21/2015 12:51:49 AM]
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