The price at which the demanded quantity is equal to the produced quantity of that product is called the ____ price.
A) market
B) customer
C) equality
D) demand
E) supply

Name: The price at which the demanded quantity is equal to the produced quantity of that product is called the ____ price. A) market B) customer C) equality D) demand E) supply
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Question

Quizplus · Accepted Answer

The price at which the quantity demanded equals the quantity supplied is known as the market price, also referred to as the equilibrium price.

The Price at Which the Demanded Quantity Is Equal to the Produced