Supply and demand curves express relationships between price and quantity. Equilibrium exists when supply equals demand. The shape of these curves and the equilibrium price affect small and large ...

Discover how competitive equilibrium balances supply and demand in markets, maximizing economic efficiency for profit-driven producers and value-seeking consumers.

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 ...

Reviewed by Charles PottersFact checked by Yarilet PerezReviewed by Charles PottersFact checked by Yarilet Perez Equilibrium quantity is when there is no shortage or surplus of a product in the market ...