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. Retrieved from Wikipedia CC BY-SA 3.0 This can be seen in the economics lexicon: terms like labour force, market equilibrium, capital flows, and price elasticity. Retrieved from Wikipedia CC BY-SA 3.0 Wages kept artificially high, by imposing any administrative or monetary costs on employers distorts the labour market equilibrium. Retrieved from Wikipedia CC BY-SA 3.0 In most cases, a shortage will compel firms to increase the price of a product until it reaches market equilibrium. Retrieved from Wikipedia CC BY-SA 3.0 In this case, the market equilibrium in the steel industry will not be optimal. Retrieved from Wikipedia CC BY-SA 3.0 |
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