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equilibrium price

noun
1.
the price at which the quantity of a product offered is equal to the quantity of the product in demand.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples for equilibrium price
  • When the equilibrium price goes down, some suppliers get priced out of the market.
  • After an hour of haggling they intuitively agree on an equilibrium price and go home happy.
  • Demonstrates a realistic situation in which supply and demand schedules are generated and the equilibrium price is determined.
  • The market or equilibrium price is established when all goods and services offered are purchased.

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Difficulty index for equilibrium price

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Word Value for equilibrium

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