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equilibrium price N FINMKT

Specialized Vocabulary

price equi·ˈlib·rium N no pl COMM

price equilibrium N MKT COMPET

Specialized Vocabulary

Monolingual examples (not verified by PONS Editors)

English
The equilibrium price is at the intersection of the supply and demand curves.
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The equilibrium price for a certain type of labor is the wage rate.
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Likewise, in the supply-demand diagram, producer surplus is the area below the equilibrium price but above the supply curve.
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Market equilibrium occurs when the demand of a good at the equilibrium price is equal to the supply of the good.
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This can give rise to multiple pure-strategy equilibria, some of which may be distant from the competitive equilibrium price.
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Price ceilings can create shortages and reduce quality when they are less than the equilibrium price.
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Buyers willing to pay for goods at a higher price than the equilibrium price receive the difference as consumer surplus.
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The point at which the supply and demand curves meet is the equilibrium price of the good and quantity demanded.
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The market will eventually become balanced as the market is transitioning to an equilibrium price and quantity.
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These markets will quickly respond to changes in supply and demand to find an equilibrium price and quantity.
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