Equilibrium Price

Business, Legal & Accounting Glossary

Definition: Equilibrium Price

Quick Summary of Equilibrium Price

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Equilibrium Price. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 26, 2021 https://payrollheaven.com/define/equilibrium-price/.
Chicago Manual of Style (CMS):
Equilibrium Price. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/equilibrium-price/ (accessed: September 26, 2021).
American Psychological Association (APA):
Equilibrium Price. PayrollHeaven.com. Retrieved September 26, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/equilibrium-price/

Definition Sources

Definitions for Equilibrium Price are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th August, 2021 | 0 Views.