equilibrium price and equilibrium quantity?: equilibrium price: When the price is above the equilibrium point there is a surplus of supply The market price at which the supply of an item equals the quantity demanded Price at which the quantity of goods producers wish to supply matches the quantity demanders want to purchase sa madaling salita supply=demand=price equilibrium quantity: Amount of goods or services sold at the equilibrium price The quantity demanded or supplied at the equilibrium price. supply=demand ayos?
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When the market price is lower than the equilibrium price the
price of the product will continue to rise. The price will rise
until it equal the equilibrium price.
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When the market price is lower than the equilibrium price the
price of the product will continue to rise. The price will rise
until it equal the equilibrium price.