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| n |
We
can now put the demand and supply curves
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together.
This will give us a picture of the market
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for dentistry.
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| n |
There
is only one price at which the quantity of
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treatments
people want to buy is the same as the
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quantity
the dentists want to sell. This is called the
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equilibrium
price Pe. The corresponding quantity
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is
the equilibrium quantity - Qe. The
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equilibrium
is a state of rest where there is no
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pressure
for change.
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| n |
At
any other price either buyers
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or
sellers are dissatisfied and act to
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change
the quantity demanded or
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supplied.
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