List of people from Virginia. This is a list of notable people who were born in the U.S. state of Virginia, were raised or lived in Virginia, or for whom Virginia is a significant part of their identity. Those not born in Virginia are marked with Â§.
Definition. The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the point at which the demand and supply curves in the market intersect. To determine the equilibrium price, you have to figure out at what price the demand and supply curves intersect.
Market equilibrium occurs where supply = demand. When the market is in equilibrium, there is no tendency for prices to change. We say the market clearing price has been achieved; A market occurs where buyers and sellers meet to exchange money for goods. The price mechanism refers to how supply and demand interact to set the market price and amount of goods sold