equilibrium price

English - English

Definition of equilibrium price in English English dictionary: The price of a commodity at which the quantity that buyers wish to buy equals the quantity that sellers wish to sell; (Ekonomi) In economics, economic equilibrium is simply a state of the world where economic forces are balanced and in the absence of external influences the (equilibrium) values of economic variables will not change. It is the point at which quantity demanded and quantity supplied are equal. Market equilibrium, for example, refers to a condition where a market price is established through competition such that the amount of goods or services sought by buyers is equal to the amount of goods or services produced by sellers. This price is often called the equilibrium price or market clearing price and will tend not to change unless demand or supply change

equilibrium price