equilibrium price definition

  • noun:
    • the cost of a commodity at which the number that buyers wish to purchase equals the number that sellers wish to offer
    • The price of a commodity from which the amount that purchasers desire to get equals the amount that sellers want to offer
    • the cost of a commodity of which the amount that purchasers need to purchase equals the amount that sellers desire to sell
53 votes

How would you define equilibrium price?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!