Choke Price
An economic term used to describe the price at which the quantity demanded of a good is equal to zero.
Investopedia Commentary
This is the price at which all demand is choked off. At any price below the choke, a good is demanded. At any price equal to or above the choke price, no goods are demanded. Typically, these prices are associated with natural resources.
Related Links
Economics Basics Tutorial
See also: Demand, Economics, Equilibrium