equilibrium

equilibrium definition - business

equilibrium

A state of balance in a variable. For example, equilibrium price occurs when the quantity supplied of a good or service equals the quantity demanded and no surplus or shortage exists.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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