the equilibrium price
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.
equilibrium price
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.
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.