Answer: Equilibrium price is the price at which quantity demanded equals quantity supplied.

This means buyers want to buy exactly the amount sellers want to sell. The market is balanced at this price.

Example: A coffee shop sells coffee for ₹80. At this price, customers want 50 cups, and the shop wants to sell 50 cups. So, ₹80 is the equilibrium price in this example.

Remember: Equilibrium price = Demand equals supply.