Understanding the concept of equilibrium price is essential for anyone involved in economics, business, or finance. It refers to the price at which the demand and supply of a product are equal. In ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Yarilet Perez is an experienced ...

Confronted with any competitive market supply and demand situation, you want immediately to know the answers to four questions: What is the equilibrium price at which the commodity is sold? What is ...