Another term for the equilibrium price is
A)excess demand.
B)nominal price.
C)law of demand.
D)market clearing price.

Question

Quizplus · Accepted Answer

Market clearing price refers to the price at which the quantity of goods or services demanded by buyers equals the quantity supplied by sellers, resulting in a state of equilibrium in the market. It is the price at which the market clears and there is neither excess demand nor excess supply.

Another Term for the Equilibrium Price Is