equilibrium price

Definition

The market price at which the supply of an item equals the quantity demanded.

Use equilibrium price in a sentence

The equilibrium price was close to the current price so we felt the market was nearing saturation, as we had discussed during the meeting.

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I told them that the only way that i would sell the that many is if they payed the equilibrium price, as we are taking too much of a loss with anything less.

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My boss believed that we would continue to be able to sell more and more steel at an increasing price, but I believed we had hit an equilibrium price and this was as high as we could go.

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equilibrium quantity disequilibrium price