The question that is often asked is “what happens if the price of a product is below the equilibrium price?” The answer isn’t really what you might think. It’s best to think about this in two steps. First, you need to think of a market equilibrium price. This is the price that your product would need if there were no buyers or sellers. The second step is to think about price that is below that equilibrium.
The equilibrium price in this situation is simply the price at which a person would buy or sell a product should it be sold. Now we can say that this price is below the equilibrium price. But this is wrong. There are times when the equilibrium price is above the equilibrium price, and this is when a seller should give a lower price. The equilibrium price is simply the price that a buyer would be willing to pay for a given product.
We define equilibrium price as the price at which a person would buy or sell a given product should it be sold. This definition is wrong because there are cases where the equilibrium price is not the same as the equilibrium price. In fact it is often not the case that the equilibrium price is the same as the equilibrium price. This is because the equilibrium price is not the same as the equilibrium price.
the equilibrium price is the price at which a given product would be sold if the supply of that product was at its most abundant. If we assume that the equilibrium price is the same as the equilibrium price, then there are a number of conditions that must be met for equilibrium price. First, the equilibrium price must be lower than the equilibrium price.
This is because when supply and demand are equal, the equilibrium price is equal to the equilibrium price. So the equilibrium price can’t be lower than the equilibrium price unless a seller is willing to sell at that price. The equilibrium price is also not greater than the equilibrium price unless a buyer is willing to buy at that price.
While it sounds like the equilibrium price is lower than the equilibrium price, it’s much more complicated than that. In fact, it’s also the equilibrium price in the entire economy. In order for the equilibrium price to be lower than the equilibrium price, the equilibrium price must be below the equilibrium price. The equilibrium price is then the equilibrium price in the whole economy.
The equilibrium price in the economy is where the price in the market is at. In the market, the equilibrium price is the price of a product (or a set of related products or services) that will sell for one unit of value in the market. When the price of a product is lower than the equilibrium price, then it is called a sub- or over-supply. It is an area of the economy where product prices are lower than the equilibrium price.
It’s not a new problem. The economist John Maynard Keynes made this mistake with his classic book, The General Theory of Employment, Interest and Money. Keynes assumed that the equilibrium-price curve was flat, and he argued that if you had more stuff than could be sold at equilibrium, then you’d have a bigger gap between the equilibrium price and the market price. The problem is, there are a lot more things you can buy than could be sold at equilibrium.
Keynes was wrong. Most economists now agree that there is an optimum equilibrium price for every product.
