equilibrium point

Definition

The optimum position of a market price that generates an equal amount of demand and supply for a product or service. Equilibrium is maintained by raising or lowering the price in response to changes in the supply or demand.

Use equilibrium point in a sentence

  • You need to figure out what the equilibrium point will be and try to get to that number as quickly as you can.

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  • The marketing team was known for keeping all their products at the equilibrium point maximizing profit year after year and staying competitive in the market.

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  • The equilibrium point was determined after hours of statistical analysis and even once that point was reached it was only theoretically meaningful.

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