Equilibrium means a state of equality or balance between market demand and supply

State of Balance

Here is an example of supply and demand schedules and the equilibrium price

Showing the equilibrium

The equilibrium price and output can also be shown in a supply and demand diagram

Equilibrium price
Supply and Demand Terminology
Exploring Equilibrium
Featured
CPD courses

Teaching the New A Level Economics: Financial Markets

From bond yields to coupons; from the PRA to the FCA. The new A Level Economics specifications from Sept 2015 include more substantial coverage of financial markets. This resource-packed CPD course will help you quickly get up to speed with the new teaching content and provide you with lesson resources you can use straightaway.

Learn more ›

Teaching & learning products

AS Microeconomics Revision Guide

This 48-page, full-colour printed revision guide written by tutor2u's Geoff Riley is designed to support students preparing for their AS Economics exams on microeconomics.

£4.00

The UK Economy in 2015 Revision Guide

This new full colour 28 page revision guide by tutor2u's Geoff Riley provides all AS & A2 Economics students with a data and chart-rich summary of the key issues facing the UK Economy in 2015.

£4.00