Business, Legal & Accounting Glossary
A price that does not accurately reflect the forces of supply and demand. If supply greatly exceeds demand, then the price is set too high. If demand greatly exceeds supply, then the price is set too low. In either case, the price must change to achieve an equilibrium price that balances supply and demand.
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This glossary post was last updated: 20th November, 2021 | 0 Views.