Market Equilibrium
Market equilibrium is the price and quantity at which the amount buyers want to purchase exactly matches the amount sellers want to sell, the point where the demand and supply curves cross on a graph. A change in price alone causes a movement ALONG an already-existing demand or supply curve, while a change in something else, like income, production costs, or the number of buyers or sellers, shifts the entire curve to a new position, moving equilibrium to a new price and quantity; these are 2 different kinds of change, not the same thing described 2 ways.
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