Equilibrium Price

The market price when markets are in a state of equilibrium. This means that equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded.

Episode 993: Negative Oil | Planet Money

What just happened to the price of oil, and what does it tell us about the world?

Exploring Equilibrium

In this video, we’ll review equilibrium in the adjustment process, showing that the equilibrium price is the only stable price. Then we’ll take a look at equilibrium quantity, where quantity demanded is equal to quantity supplied, and how this plays out in a free market economy that seeks to maximize gains from trade.

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