Equilibrium means a state of equality or balance between market demand and supply
Here is an example of supply and demand schedules and the equilibrium price
The equilibrium price and output can also be shown in a supply and demand diagram
ALCESTER GRAMMAR SCHOOL, Warwickshire
Geoff Riley FRSA has been teaching Economics for nearly thirty years. He has twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
14th March 2016
4th December 2015
11th September 2015
10th September 2015
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