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单词 market equilibrium
释义
market equilibrium
For movement to market equilibrium and for changes in equilibrium, price and quantity also change at the margin: more-or-less of something, rather than necessarily all-or-nothing.
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This can be seen in the economics lexicon: terms like labour force, market equilibrium, capital flows, and price elasticity.
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Wages kept artificially high, by imposing any administrative or monetary costs on employers distorts the labour market equilibrium.
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In most cases, a shortage will compel firms to increase the price of a product until it reaches market equilibrium.
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In this case, the market equilibrium in the steel industry will not be optimal.
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更新时间:2024/11/11 14:01:16