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Market clearing price (view source)
Revision as of 04:18, December 17, 2008
, 04:18, December 17, 2008no edit summary
'''Market Clearing Price''', or '''MCP''', is the term for the price at which a product is sold at [[supply]] and [[demand]] equilibrium, or the point at which the supply and demand curves meet. At the MCP, there is as much of that product demanded as there is being sold. Market clearing price coincides with [[equilibrium quantity]].
'''Market Clearing Price''', or '''MCP''', is the term for the price at which a product is sold at [[supply]] and [[demand]] equilibrium, or the point at which the supply and demand curves meet. At the MCP, there is as much of that product demanded as there is being sold. Market clearing price coincides with [[equilibrium quantity]]. Market clearing price is also known as equilibrium price and normal price.
[[Category:Economics]]
[[Category:Economics]]