Equilibrium point

Equilibrium point,

Definition of Equilibrium point:

  1. The optimum position of a market price that generates an equal amount of demand and supply for a product or service. Equilibrium is maintained by raising or lowering the price in response to changes in the supply or demand.

How to use Equilibrium point in a sentence?

  1. The marketing team was known for keeping all their products at the equilibrium point maximizing profit year after year and staying competitive in the market.
  2. You need to figure out what the equilibrium point will be and try to get to that number as quickly as you can.
  3. The equilibrium point was determined after hours of statistical analysis and even once that point was reached it was only theoretically meaningful.

Meaning of Equilibrium point & Equilibrium point Definition