difference between eqilibrium price and market price.
Hey Yogita,
The equilibrium price is the price at which demands equals supply. It is the price at which there are neither unsatisfied buyers nor unsatisfied sellers. The equilibrium price can not change unless demand or supply schedules change. On the other hand, market price is the price that actually rules at any point in time and can change.
The equilibrium price is the price at which demands equals supply. It is the price at which there are neither unsatisfied buyers nor unsatisfied sellers. The equilibrium price can not change unless demand or supply schedules change. On the other hand, market price is the price that actually rules at any point in time and can change.