system
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human
Explain the concept of market equilibrium.

Relevant data:
"Market equilibrium is the point at which the quantity of a good or service that consumers are willing to buy is equal to the quantity that suppliers are willing to sell, at a specific price."
gpt
For example, in a market for a certain product, the equilibrium price is the price agreed upon by the buyers and the sellers where the quantity available for sale is equal to the quantity demanded by the buyers.