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What is Equilibrium Price

Encyclopedia of Business Analytics and Optimization
The price at which there is no tendency for it to change. It is attained when the quantity demanded equals quantity supplied.
Published in Chapter:
Portfolio Procurement in Supply Chain Management
Min Shi (California State University, Los Angeles, USA) and Wei Yu (California State Polytechnic University, Pomona, USA)
Copyright: © 2014 |Pages: 6
DOI: 10.4018/978-1-4666-5202-6.ch168
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