Answer:
Equilibrium price market is important because it maintains the balance between the quantity supplied and the quantity demanded.
Explanation:
Equilibrium price market is important because it maintains the balance between the quantity supplied and the quantity demanded.
There is no point of moving away from the equilibrium market otherwise the balance between the demand and supply will disturb.
When the price is above the equilibrium price, then there will be more producers and less buyers while when the price is below the equilibrium price, then there will be more buyers than the producers
