equilibrium price
noun[C]
ECONOMICSukusthepriceat which thesupplyofgoodsandservicesissimilarto thedemandfor them:
As more of acommodityissupplied,itspricewillfalluntil itreachesitsequilibriumprice.
Examplesofequilibrium price
equilibrium price
These markets will quickly respond to changes in supply and demand to find anequilibriumpriceand quantity.
From
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.In theory, the market is able to coordinate itself when a newequilibriumpriceand quantity is reached.
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This example is from Wikipedia and may be reused under a CC BY-SA license.By raising the price of labour, the wage rate, above theequilibriumprice, unemployment rises.
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This example is from Wikipedia and may be reused under a CC BY-SA license.This can give rise to multiple pure-strategy equilibria, some of which may be distant from the competitiveequilibriumprice.
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Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.When supply matches demand the price decided by the market forces of demand and supply is calledequilibriumprice.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Equilibriumpriceprevails in the market for a substantial period which may be from one day to one week or several months.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Market equilibrium occurs when the demand of a good at theequilibriumpriceis equal to the supply of the good.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Theequilibriumpriceis at the intersection of the supply and demand curves.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The market will eventually become balanced as the market is transitioning to anequilibriumpriceand quantity.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Likewise, in the supply-demand diagram, producer surplus is the area below theequilibriumpricebut above the supply curve.
FromThis example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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