What Is Market Clearing?
The market clearing price refers to the price at which the market price of a particular product is in equilibrium.
Market clearing price
Right!
- The market clearing price refers to the price at which the market price of a particular product is in equilibrium.
- When the number of consumers willing to buy the product at market mainstream prices is equal to the number of producers willing to sell the product, the market price of a particular product is in equilibrium. The equilibrium price at this time is the so-called market clearing price.