In a market,the equilibrium price is determined by:

Question

Quizplus · Accepted Answer

The equilibrium price is determined by the interaction of both demand and supply. At this price, the quantity demanded by buyers is equal to the quantity supplied by sellers. Changes in either demand or supply will result in a shift of the equilibrium price. The government may influence the market through policies and regulations, but ultimately, the equilibrium price is determined by the market forces of supply and demand.

In a Market,the Equilibrium Price Is Determined By