What is equilibrium price?

The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and the market is in a state of equilibrium. Economists find that prices tend to fluctuate around the equilibrium levels.

What are the characteristics of a market in equilibrium?

A market is said to have reached equilibrium price when the supply of goods matches demand. A market in equilibrium demonstrates three characteristics: the behavior of agents is consistent, there are no incentives for agents to change behavior, and a dynamic process governs equilibrium outcomes.

What are the key takeaways of equilibrium?

Key Takeaways. A market is said to have reached equilibrium price when the supply of goods matches demand. A market in equilibrium demonstrates three characteristics: behavior of agents is consistent, there are no incentives for agents to change behavior, and a dynamic process governs equilibrium outcome.

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