The Kingsabode Daily is a community news agency that distributes newspapers to the residents of Kingsabode County. To meet the demand and to ensure that there is zero wastage of resources, the news agency prints 250 newspapers that are distributed in the 250 homes in the county. The price associated with such a demand and supply pattern is called the _____.

Question

Quizplus · Accepted Answer

The equilibrium price is the price at which the quantity of goods supplied is equal to the quantity of goods demanded. In this scenario, the number of newspapers printed matches the number of homes, indicating an equilibrium between supply and demand.

The Kingsabode Daily Is a Community News Agency That Distributes