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According to rational expectations theory,
Equilibrium Price
The cost at which the amount of a product supplied matches the amount of the product desired.
Equilibrium Quantity
The supply of goods or services meets the demand at the market's equilibrium price.
Equilibrium Price
The price point at which the quantity of goods supplied equals the quantity of goods demanded, leading to a stable market condition.
Equilibrium Quantity
The quantity of goods or services supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded.
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