market equilibrium
nounUK /ˌmɑːkɪt ˌiːkwɪˈlɪbriəm/
US /ˌmɑːrkɪt ˌiːkwɪˈlɪbriəm/
A market equilibrium is when the amount of something people want to buy is the same as the amount people want to sell.
At market equilibrium, the price of apples stays steady because buyers and sellers agree.
RELATED WORDS
OTHER MEANINGS
2. The price at which the quantity supplied equals the quantity demanded.
The equilibrium price for coffee settled at three dollars per cup.
3. A state where no buyer or seller wants to change their behavior.
Once the market reached equilibrium, sellers stopped lowering their prices.
4. The point where a market clears with no surplus or shortage.
The graph showed market equilibrium where the two curves crossed.