Walrasian Equilibrium is a concept in economics that describes a state where supply and demand in a market are balanced. In this equilibrium, the quantity of goods that consumers want to buy equals the quantity that producers want to sell at a given price. This balance ensures that there are no shortages or surpluses in the market. In a Walrasian framework, all markets in an economy are interconnected, meaning that changes in one market can affect others. The equilibrium is achieved when all consumers and producers make optimal choices, leading to an efficient allocation of resources across the economy.