At a price of $6 each,314 people want to buy sun visors designed especially for volunteers at the Nike run,and only 314 such visors are available.In this example,which type of state has been achieved?
A)symmetry
B)marketing balance
C)commerce stability
D)price equilibrium

Question

Quizplus · Accepted Answer

Price equilibrium has been achieved since the demand for the visors exceeds the supply, resulting in a scarcity of the product. As a result, the price has increased until the number of buyers matches the number of goods available for sale.

At a Price of $6 Each,314 People Want to Buy