Equilibrium means a state of equality or balance between market demand and supply
Here is an example of supply and demand schedules and the equilibrium price
The equilibrium price and output can also be shown in a supply and demand diagram
Geoff Riley FRSA has been teaching Economics for nearly thirty years. He has twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
This course supports colleagues delivering labour market topics included in the new A Level Economics specifications.
Learn more ›
Exemplar A Grade answers to the ECON3 and ECON4 exam papers sat in June 2014
Exemplar A Grade answers to the AQA ECON1 and ECON2 exam papers in summer 2014
214 High Street,
Tel: +44 0844 800 0085
Fax: +44 01937 529236
We’re proud to sponsor TABS Cricket Club, Harrogate Town AFC and the Wetherby Junior Cricket League as part of our commitment to invest in the local community
Company Reg no: 04489574 | VAT reg no 816865400