The equilibrium price is sometimes called:

Name: The equilibrium price is sometimes called:
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The equilibrium price is the price at which the quantity supplied equals the quantity demanded in the market. At this price, there is no shortage or surplus of the product in the market, and all of the goods produced are able to be sold. This is why it is commonly referred to as the market-clearing price. The other choices (B, C, and D) do not accurately describe what the equilibrium price represents.

The Equilibrium Price Is Sometimes Called