MARKET EQUILIBRIUM: The state of equilibrium that exists when the opposing market forces of demand and supply exactly offset each other and there is no inherent tendency for change. Once achieved, a market equilibrium persists unless or until it is disrupted by an outside force. A market equilibrium is indicated by equilibrium price and equilibrium quantity. See also | market | equilibrium | demand | supply | equilibrium price | equilibrium quantity | demand curve | supply curve | law of demand | law of supply | demand space | supply space | market disequilibrium | market adjustment | demand shock | supply shock | market failure | market control |
