The equilibrium_price
Example: The equilibrium price balances supply and demand
Definition
"The equilibrium price" is the market price at which the quantity of goods supplied equals the quantity demanded, resulting in a stable market condition with no surplus or shortage.
Etymology
The term "equilibrium price" combines 'equilibrium,' from Latin 'aequilibrium' meaning balance or equality, and 'price,' derived from Old French 'prix,' meaning value or cost. Together, they describe a balanced price point in economics.
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"The equilibrium_price" appears in the Vocaplus list "English - General - (C2) - set 2", containing 91 commonly used words.
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