equilibrium price

noun
the price at which the quantity of a product offered is equal to the quantity of the product in demand.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
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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