Business, Legal & Accounting Glossary
Equilibrium price is the point on a supply and demand schedule where the supply curve and the demand curve intersect. In other words, it’s the price where supply and demand are equal for a particular good or service.
The market price at which the supply of an item equals the quantity demanded.
The equilibrium price was close to the current price so we felt the market was nearing saturation, as we had discussed during the meeting.
I told them that the only way that I would sell that many is if they paid the equilibrium price, as we are taking too much of a loss with anything less.
My boss believed that we would continue to be able to sell more and more steel at an increasing price, but I believed we had hit an equilibrium price and this was as high as we could go.
equilibrium quantity
disequilibrium price
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This glossary post was last updated: 30th October, 2021 | 0 Views.