Another term for equilibrium price is?

Another term for equilibrium price is market clearing price. Market clearing price refers to the price at which the quantity of a good or service supplied is equal to the quantity demanded. In other words, it is the price where there is no excess supply or excess demand in the market. At this price, all buyers who want to purchase the product at that price are able to do so, and all sellers who want to sell at that price are able to find buyers. This is the price that balances the market, hence it is called the market clearing price or the equilibrium price.