The price at which the quantity of goods demanded,and the quantity of goods supplied are equal is referred to as
A)the going rate.
B)the point-of-no-return price.
C)the equilibrium price.
D)the highest price.
E)the lowest price.

Question

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity of goods demanded equals the quantity of goods supplied.

The Price at Which the Quantity of Goods Demanded,and the Quantity