evanlee68 evanlee68
  • 24-04-2019
  • Social Studies
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In 3 or 4 sentances, explain the relationship between the equilibrium price and efficiency ​

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jasmineramadan365
jasmineramadan365 jasmineramadan365
  • 24-04-2019

Answer:

see explination

Explanation:

price is the cost of a product wether its the cost of producing or what you choose to sell it for.

effeciency is the ability to avoid waisting money, time, energy and product while also maintaining a good quality

equilibrium is when these two things meet in the middle giving the best result in effeciency and price!

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