Market equilibrium Market Market quantity supplied is demand fixed, independent of price S(p)=C+dp, so d=0 andS(p)≡c D-1(g)=(a-g)/b gc qMarket Equilibrium S(p) = c+dp, so d=0 and S(p)  c. p q* = c q D-1 (q) = (a-q)/b Market demand Market quantity supplied is fixed, independent of price