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).
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
the equilibrium price
the equilibrium price
equilibrium price
Market clearing price is the price at which the quantity demanded of a product equals the quantity supplied.
The price that exists when a market is clear of shortage and surplus, or is in equilibrium.
equilibrium price
the equilibrium price
the equilibrium price
market clearing price (aplus)
market clearing price (aplus)
market clearing price (aplus)
True
True
market equilibrium / market clearing price.
Competition eliminates shortages and surpluses by setting a market- clearing price.