What is Equilibrium Point?

Author Topic: What is Equilibrium Point?  (Read 178 times)

Offline Md. Alamgir Hossan

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What is Equilibrium Point?
« 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.

Offline Anuz

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Re: What is Equilibrium Point?
« Reply #1 on: April 03, 2017, 05:16:31 PM »
Important topic for the Business Students.............
Anuz Kumar Chakrabarty
Assistant Professor
Department of General Educational Development
Faculty of Science and Information Technology
Daffodil International University