ResearchBib Share Your Research, Maximize Your Social Impacts
Sign for Notice Everyday Sign up >> Login

1st NOMINAL CASH EXCHANGE FORM: EQUAL PRICE

Journal: International Scientific Journal "Internauka" (Vol.1, No. 107)

Publication Date:

Authors : ;

Page : 17-25

Keywords : homogeneous buyers; homogeneous sellers; average market price;

Source : Downloadexternal Find it from : Google Scholarexternal

Abstract

The equilibrium price has a special property. If a product is sold at a given price, then two equilibria of supply and demand are established in the market at once - with respect to the product and with respect to money for the product. As for the commodity, for homogeneous buyers the commodity represents consumption, for homogeneous sellers - production. At the same time, the money of relatively homogeneous sellers represents the consumption of all other goods, and for buyers - their production. Thus, through the equilibrium price, production and consumption of a particular type of commodity is built into the general system of equilibrium of social production and social consumption.

Last modified: 2021-10-13 19:27:36