How would you paraphrase the definition of equilibrium price

Reference no: EM13134340

How would you paraphrase the definition of equilibrium price?

Equilibrium price occurs when supply and demand quantities meet.
Equilibrium price occurs when price and demand are consistent.
Equilibrium price is established when buyers' and sellers' price and quantity are the same.
Equilibrium price is established when buyers' and sellers' demand and production are the same.

Reference no: EM13134340

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How would you paraphrase the definition of equilibrium price : How would you paraphrase the definition of equilibrium price?

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