Situation in a market where the prevailing price causes producers to produce exactly the quantity demanded by consumers at that same price. A market in Equilibrium will not experience changes in price or quantity produced.
| Business Dictionary: Market Equilibrium |
Situation in a market where the prevailing price causes producers to produce exactly the quantity demanded by consumers at that same price. A market in Equilibrium will not experience changes in price or quantity produced.
| 5min Related Video: Market Equilibrium |
| Equilibrium Quantity (business term) | |
| Law of Supply and Demand (business term) | |
| microeconomics |
| How price equilibrium in market are determine? Read answer... | |
| When does market equilibrium occur? Read answer... | |
| When is the market in short run equilibrium? Read answer... |
| Explain the term 'market equilibrium'? | |
| What is Equilibrium market price? | |
| Evaluating the market equilibrium? |
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