What is the price at which the quantity of goods demanded and the quantity of goods supplied are equal?
A) the going rate
B) the margin rate
C) the market price
D) the optimum price
E) the cost price

Question

Quizplus · Accepted Answer

C)The market price, also known as equilibrium price, is set by the demand and supply for a given good. It is defined as the price at which the quantity of goods demanded and the quantity of goods supplied are equal.

What Is the Price at Which the Quantity of Goods