Definition
Equilibrium is a market condition where supply equals demand.
Why It Matters
Markets tend to move toward equilibrium over time.
Example
A market with stable prices and quantities sold.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Equilibrium is a market condition where supply equals demand.
Markets tend to move toward equilibrium over time.
A market with stable prices and quantities sold.