In economics, economic equilibrium is a state where economic forces such as
supply and ... This price is often called the competitive price or market clearing
price and will tend ... However, the co...
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.
The state in which market supply and demand balance each other and, as a
result, prices become stable.
Definition of equilibrium price: Open market price at which the quantity of a
product supplied matches the quantity demanded.
If the market price is above the equilibrium value, there is an excess supply in the
market (a surplus), which means there is more supply than demand. In this ...
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 ...
Definition of equilibrium price: The market price at which the supply of an item
equals the quantity demanded.
Equilibrium means a state of equality or balance between market demand and
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