Meaning of “market clearing price” in the English Dictionary

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"market clearing price" in Business English

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market clearing pricenoun [ C ]

uk us also equilibrium price ECONOMICS

the price of goods or services that exists when the quantity supplied is equal to the quantity demanded:

The three firms supply a total of 1,800 video rentals daily at the market clearing price .

(Definition of “market clearing price” from the Cambridge Business English Dictionary © Cambridge University Press)