Difference between revisions of "Equilibrium price"
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| − | The equilibrium price is the market price for a [[commodity]] as determined by the intersection of its [[supply and demand]] curves. | + | The '''equilibrium price''' is the market price for a [[commodity]] as determined by the intersection of its [[supply and demand]] curves. |
Equilibrium price is also known as normal price. | Equilibrium price is also known as normal price. | ||
[[category:economics]] | [[category:economics]] | ||
Revision as of 18:23, July 26, 2007
The equilibrium price is the market price for a commodity as determined by the intersection of its supply and demand curves.
Equilibrium price is also known as normal price.