Equilibrium Price
/ˌekwɪˈlɪbriəm praɪs/
Definitions
- (n.) The price at which the quantity of goods supplied equals the quantity demanded in a market, resulting in market balance.
The court analyzed the equilibrium price to assess fair market value in the contract dispute.
Forms
- equilibrium price
- equilibrium prices
Related terms
See also
Commentary
In legal contexts, understanding equilibrium price is critical when evaluating cases involving market competition and price regulation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.