The market clearing price is the price at which the quantity of a good or service supplied equals the quantity demanded, resulting in no surplus or shortage. It effectively balances the interests of buyers and sellers in a competitive market. This price adjusts through the forces of supply and demand, ensuring that all goods produced are sold. When the market is in equilibrium, resources are allocated efficiently.
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
A market clearing price is the price at which demand equals supply, so that the market "clears" (i.e., all of the goods supplied find a buyer).
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
Another word for market clearing price is "equilibrium price." This term refers to the price at which the quantity of goods supplied equals the quantity demanded, resulting in a balanced market with no surplus or shortage.
the equilibrium price
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
A market clearing price is the price at which demand equals supply, so that the market "clears" (i.e., all of the goods supplied find a buyer).
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
Another word for market clearing price is "equilibrium price." This term refers to the price at which the quantity of goods supplied equals the quantity demanded, resulting in a balanced market with no surplus or shortage.
equilibrium price
the equilibrium price
the equilibrium price
market clearing price (aplus)
market clearing price (aplus)
market clearing price (aplus)
True
True