The _____ is the price associated with the point at which the quantity demanded of a product equals the quantity supplied.
A) natural capital
B) price ceiling
C) equilibrium price
D) incentive

Question

Quizplus · Accepted Answer

Equilibrium price is the price at which quantity demanded and quantity supplied are exactly equal. At this price, there is no excess demand or supply, and the market is said to be in a state of equilibrium.

The _____ Is the Price Associated with the Point at Which