Homework Help: Economics

Posted by Rohit on Thursday, April 26, 2007 at 3:08am.

what it meant by equilibrium in economics?how equilibirum attained?

The following site has an ok defintion.
(I cannot post the site: instead google economics, equilibrium, definition)

Market equilibrium occurs when buyers and sellers, each acting in their own best interest, arrive at a "solution" with respect to price and quantity and there is no immediate pressure to change. Both buyers and sellers accept that they cannot do any better buy doing something else.

GOLD DUST FOR SALE - BENSON IMO, Tuesday, January 17, 2012 at 4:46am
GOLD DUST FOR SALE

Dear Sir/ Madam,
We are small scale Gold miners here on the sub-region of West Africa. We have some huge

quantity of alluvial Gold Dust for sale at a considerable price of $30,500USD per kilo

which is below world market price, 22 carat and 92.05% purity. If you are interested, do

not hesitate to get back to us as soon as possible for us to give you our full co-operate

offer (FCO)
Best Regards
MR BENSON IMO

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