What is equilibrium? when quantity supplied is more than quantity demanded when quantity supplied is not equal to quantity demanded in a market when quantity demanded is more than quantity supplied the point at which quantity demanded and quantity supplied are equal

The point at which quantity demanded and quantity supplied are equal.

Explanation:

Market equilibrium is measured based in the relationship of quantity of supply of a product and services versus the demand of it. When the quantity supplied is not equal to quantity demanded in a market the market is in disequilibrium, it is either: surplus - when quantity supplied is more than quantity demanded or shortage-  when quantity demanded is more than quantity supplied.

While Market equilibrium is the point which the goods and services being supplied are equal to the quantity being demanded and consumed.

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