![Economics 101: Equilibrium Price](https://i0.wp.com/sterlingterrell.net/wp-content/uploads/2016/09/1-17.jpg?fit=638%2C510&ssl=1)
[This is part of the series: The Complete Guide To Economics 101.]
What is the equilibrium price in economics?
The Equilibrium Price is nothing other than the price at which the supply of, and the demand for, goods or services in a particular market are balanced.
In a typical supply and demand diagram, this price would be denoted by: P*