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Another term used for the equilibrium price would be when the demand equals the supply which is achieved through the "invisible hand"

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Related Questions

What is another term for marketing clearing price?

equilibrium price


What is another term for market price?

equilibrium price


Which of the following is another term for market clearing price?

equilibrium price


What is another word for market price?

equilibrium price


How does the market move from one equilibrium to another after a non price factor changes?

you buy and price moves easy


The price of peanut butter rises due to a blight on the peanut crop. peanut butter and jelly are complements. What happens to the equilibrium quantity and price of jelly?

(A)Equilibrium price falls, equilibrium quantity increases (B) Equilibrium price rises, equilibrium quantity falls (C) Equilibrium price falls, equilibrium quantity falls (D) Equilibrium price rises, equilibrium quantity rises


Can you explain why there is no pressure for the equilibrium price to change?

The equilibrium price exists when at that price supply and demand for a product are equal. Apparently at that price level everybody is happy and as long as nothing changes there will be no pressure. If it would arise because of an increase in eithersupply or demand, the price would no longer be an equilibrium price and it would shift to another - higher or lower - level.


What equilibrium price and equilibrium quantity?

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?


What happens when the market price is lower than the equilibrium price?

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.


What happens when the equilibrium price is lower than the market price?

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.


What happens to the equilibrium price and equilibrium quantity in a market if the demand curve shifts to the right?

If the demand shift to the right, the equilibrium price and quantity will shift from the initial equilibrium price and quantity to the next, i mean the equilibrium price and quantity will increase as compare to the first.


Where is the price ceiling located on a graph depicting market equilibrium?

The price ceiling is located below the equilibrium price on a graph depicting market equilibrium.