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  • Market Equilibrium

Equilibrium Price

The equilibrium price, often denoted as P*, is the specific price that balances supply and demand in a market. At this price, every buyer who wants to purchase and every seller who wants to sell is able to do so. This price is also referred to as the market-clearing price, and it signifies a point of stability where there is no inherent tendency for the price to change. [1, 2, 6, 11]

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References

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Sociology

Social Science

Empirical Science

Science

Economics

Economy

Introduction to Microeconomics Course

CORE Econ

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