Study notes

Equilibrium Market Prices

Equilibrium means a state of equality or balance between market demand and supply

State of Balance

Here is an example of supply and demand schedules and the equilibrium price

Showing the equilibrium

The equilibrium price and output can also be shown in a supply and demand diagram

Equilibrium price
Supply and Demand Terminology
Supply and Demand Terminology
Exploring Equilibrium
Exploring Equilibrium

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Economics