Meaning of the word "equilibrium quantity" in English
What does "equilibrium quantity" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
equilibrium quantity
US /ˌiː.kwɪˈlɪb.ri.əm ˈkwɑːn.tə.ti/
UK /ˌiː.kwɪˈlɪb.ri.əm ˈkwɒn.tɪ.ti/
Noun
the quantity of a good or service supplied that is equal to the quantity demanded, resulting in a stable market price
Example:
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At the equilibrium quantity, there is no surplus or shortage in the market.
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The intersection of the supply and demand curves determines the equilibrium quantity.