Economic Research Institute, Tarbiat Modares University, Tehran, Iran
Abstract
This paper first describes the concept of price. Then it defines the equilibrium. In the following, this paper explains the types of equilibrium including static, dynamic, short-term, and long-run equilibrium, as well as partial equilibrium, by diagram.
Agheli,L. (2019). Price, equilibrium, and its types( Static equilibrium, Dynamic equilibrium, Long run equilibrium, Partial equilibrium, Short run equilibrium). Encyclopedia of Economics, 2(2), 1-4.
MLA
Agheli,L. . "Price, equilibrium, and its types( Static equilibrium, Dynamic equilibrium, Long run equilibrium, Partial equilibrium, Short run equilibrium)", Encyclopedia of Economics, 2, 2, 2019, 1-4.
HARVARD
Agheli L. (2019). 'Price, equilibrium, and its types( Static equilibrium, Dynamic equilibrium, Long run equilibrium, Partial equilibrium, Short run equilibrium)', Encyclopedia of Economics, 2(2), pp. 1-4.
CHICAGO
L. Agheli, "Price, equilibrium, and its types( Static equilibrium, Dynamic equilibrium, Long run equilibrium, Partial equilibrium, Short run equilibrium)," Encyclopedia of Economics, 2 2 (2019): 1-4,
VANCOUVER
Agheli L. Price, equilibrium, and its types( Static equilibrium, Dynamic equilibrium, Long run equilibrium, Partial equilibrium, Short run equilibrium). Encyclopedia of Economics, 2019; 2(2): 1-4.