Question

3. The price at which quantity supplied and quantity demanded are same is termed as
(a) Equilibrium price
(b) Market price
(c) Both (a) and (b)
(d) None of the above​

Answer 1

Answer:

equilibrium price a is the correct answer

Answer 2

Answer:

Direct link to Randy III's post “A market-clearing price is the price of a good or ...” A market-clearing price is the price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price.