Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Topic started by: Md. Alamgir Hossan on April 03, 2017, 05:10:28 PM

Title: What is Equilibrium Point?
Post by: Md. Alamgir Hossan on April 03, 2017, 05:10:28 PM

DEFINITION: The equilibrium point is the point where supply and demand are equal,
that is, where the supply curve intersects the demand curve. Its second coordinate is the
equilibrium price, the price at which the same quantity will be supplied as is demanded. Its
first coordinate is the quantity that will be demanded and supplied at the equilibrium price; this number is called the equilibrium quantity.

Title: Re: What is Equilibrium Point?
Post by: Anuz on April 03, 2017, 05:16:31 PM

Important topic for the Business Students.............