Equilibrium market price - the price at which this product for each market there is no surplus or deficit. It is installed as a result of the equilibrium of supply and demand as the cash equivalent of a fixed amount of goods. Supply and demand are balanced under the influence of the competitive environment of the market, so that the price is referred to as the competitive market equilibrium (Figure 7). In any case, in a competitive market equilibrium price and the corresponding amount of goods is determined by market supply and demand. All other things being equal, the equilibrium market price is set at a ratio of supply and demand, when the number of goods that consumers want to buy them to match the amount that manufacturers are offering in the market.
