Economics A-Level
Equilibrium Price
What Equilibrium Price means in Economics A-Level, as defined for Pearson Edexcel.
Definition of Equilibrium Price
The price at which quantity demanded equals quantity supplied, meaning there is no excess demand or supply.
Topics that use Equilibrium Price
- How markets work (Pearson Edexcel A-Level)
Related terms
Using Equilibrium Price in the exam
Definition questions usually carry one or two marks, and examiners look for the precise wording. Write the definition from memory, check it against the version above, and then use the term in a longer answer on the same topic so it sticks.
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