Economics
Textbooks
Boundless Economics
Introducing Supply and Demand
Market Equilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand Market Equilibrium
Economics Textbooks Boundless Economics Introducing Supply and Demand
Economics Textbooks Boundless Economics
Economics Textbooks
Economics
Concept Version 5
Created by Boundless

Clearing the Market at Equilibrium Price and Quantity

Equilibrium Pricing

Equilibrium Pricing

This chart effectively highlights the various basic implications of a simple supply and demand chart. The equilibrium point is where market clearing will theoretically occur.

Source

    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    Wikimedia.
    http://upload.wikimedia.org/wikipedia/commons/7/7b/Price_of_market_balance.gif CC BY-SA.

Related Terms

  • Say's Law
  • Incumbents
  • Opportunity cost
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