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Tuckman's forming stage is characterized by
Equilibrium Price
Equilibrium price is the market price at which the quantity of goods supplied is equal to the quantity of goods demanded.
Surplus
Occurs when the quantity supplied of a product exceeds the quantity demanded at a given price, often leading to price reductions.
Price Ceiling
A government-imposed limit on how high a price can be charged for a product, service, or resource, usually intended to protect consumers from high prices.
Market Equilibrium
A state in a market where the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to a stable price.
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