the price at which the quantity of a product offered is equal to the quantity of the product in demand.
Market equilibrium in this case refers to a condition where a market price is .... We
can define the payoff function which gives the profit of each firm as a function ...
Equilibrium-price definition, the price at which the quantity of a product offered is
equal to the quantity of the product in demand. See more.
DEFINITION of 'Equilibrium'. Equilibrium is the state in which market supply and
demand balance each other and, as a result, prices become stable. Generally ...
Definition of equilibrium price: Open market price at which the quantity of a
product supplied matches the quantity demanded.
Definition of equilibrium price: The market price at which the supply of an item
equals the quantity demanded.
May 4, 2015 ... How is the market price determined? This lesson will explain what the market
price is and also walk you through an example of determining the ...
Supply is the quantity of a given commodity that the producer or seller is willing
and able to sell to the market at a given price over a specific period of time.
It is important for a manufacturer or product reseller to understand how current
market prices relate to supply and demand. A price below equilibrium means you
Dec 20, 2014 ... Equilibrium means a state of equality or balance between market demand and