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Meaning of equilibrium price

 

 

 

Equilibrium price

 

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Business glossary

 

Meaning of term equilibrium price :

 

The equilibrium price is the price at which supply equals demand in a market. An equilibrium means that there is no tendency for change and an equilibrium price will remain stable until one of the other determinants of demand or supply changes, causing a change in price in the market.

 

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Equilibrium price

 

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Meaning of term equilibrium price

 

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