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    What Is A Balanced Price?

    2010/6/10 17:59:00 91

    Equilibrium Price

    Equilibrium price refers to the price of a commodity that is equal in demand price and supply price, while the price of demand and supply is equal, determined by the intersection point of demand curve and supply curve.

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    Read the next article

    What Is Price Elasticity Of Demand?

    Price elasticity of demand refers to the degree of responsiveness of demand relative to price changes, that is, the percentage of increase or decrease in demand for goods caused by a decrease or increase of one percent of a commodity's price.

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