(plural equilibrium prices)
"equilibrium-price." YourDictionary, n.d. Web. 14 October 2018. <http://www.yourdictionary.com/equilibrium-price>.
equilibrium-price. (n.d.). Retrieved October 14th, 2018, from http://www.yourdictionary.com/equilibrium-price
The price that is reached when the supply of goods in a
market matches the demand for those goods. If a chart is made with supply on
one axis and demand on the other axis, the point where the two lines intersect
is the equilibrium price.
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