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2. Stiglitz, Joseph; 2000; Economics of the Public Sector; 3rd edition; New York; W.W. Norton and Company.
3. Varian, Hal R; 1992; Microeconomic Analysis; 3 rd Edition; London; W.W. Norton & Company.
4. Walras, Lռon; 1926; Elements of Pure Economics or The theory of Social Wealth; Translated by William Jaffe; 2 nd ed.; 1987; Philadelphia; Orion Press
Economic equilibrium is a condition or state in which economic forces are balanced. These economic variables remain unchanged from their equilibrium values in the absence of external influences. Economic equilibrium may also be defined as the point at which supply equals demand for a product, with the equilibrium price existing where the hypothetical supply and demand curves intersect.