The equilibrium price is the price at which the quantity

Name: The equilibrium price is the price at which the quantity
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Question

Quizplus · Accepted Answer

The equilibrium price is where the demand curve intersects with the supply curve. This is the point where the quantity demanded by consumers equals the quantity of goods supplied by producers. Therefore, option B is correct as it states that the price at which the quantity demanded equals the quantity supplied is the equilibrium price.

The Equilibrium Price Is the Price at Which the Quantity