Creative definition:
How is supply and demand able to meet?
First, you should make a line graph about demand and supply of a product.
Then, add points at certain numbers
If you see a point with two lines corresponding
That’s what you call an equilibrium price.
Equilibrium price
Sentence definition: The stock market is responsible for controlling the equilibrium price so they can make the supply and demand meet.
Model sentences:
“My advice to clients is that you want to stay long until you know where that equilibrium price is”
"FSInsight estimates that bitcoin daily demand will increase by $50 million due to ETF inflows. If the block reward is $10 million per day, the “equilibrium price to clear this, based on analysis by our data science team = $168,000.”
“Grain prices ended mixed on Thursday after trading both sides of even. Does this indicate that we have reached an equilibrium price based on the updated supply and demand data received this week?”
Common Roots, prefixes, suffixes:
Prefix- Equi: equal
Root- bi: two
Suffixes- ium: borrowed
Other forms of the word:
Equilirium
Equilibria
Equilibrium
Etymology:
early 17th century (in the sense ‘well-balanced state of mind’): from Latin aequilibrium, from aequi- ‘equal’ + libra ‘balance’. (1608)