Equilibrium Price and Equitable Redistribution of Income in a Microeconomic Level

The purpose of this article is to find a reasonable and affordable price until the government accumulate surpluses and establish rehabilitation programs that aim to cover the expenses of the poors, and the beggars related to health, accommodation, food, water, education, and employment. The same principle will apply to low and middle - classes that have limited resources and they cannot find jobs. The redistribution of income to the different groups is not aiming to reduce the incentive to work and consequently, the overall GDP, but to support them until the budget creates equal opportunities. In other words, this will be a transitional phase until every active seeking individual get a job. Equilibrium in the market will be achieved where demand intersects and equal supply. For example, the equilibrium price is 1.05 and the equilibrium quantity is 500000. At any price more than 1.05, there would be a surplus. For example, at the price of 1.10, there is a surplus of 200000. The supply exceeds the demand and consumers are not willing and able to buy at this price. The price will start to fall to reach the equilibrium of 1.05. Thus, there will be shifts along the demand and supply curve to restore equilibrium. On the other hand, at any price less than 1.05, there will be a shortage. For example, at a price of 1 Euro, there is a shortage of -300000. The demand exceeds the supply and suppliers are not willing and able to supply the product at this price. The price will start to rise to reach the equilibrium of 1.05