Business Studies, asked by aryastark000, 11 months ago

how price is determine in a market ???

Answers

Answered by kabeersingh

In a perfectly competitive market, equilibrium price of the product is determined through a process of interaction between the aggregate or market demand and the aggregate or market supply. Equilibrium price is such a price at which the market demand becomes equal to market supply.

Answered by WanigA24

Answer:

market equilibrium

Explanation:

the perfect balance of supply of the product and demand of the product from consumers

Previous Question

Next Question

Similar questions

Math, 5 months ago

Joe bought 7 litres of orange juice. He poured the orange juice equally into 5 bottles. There was 0.25 litres of orange juice left. What was the volume of juice in bottle?

Hindi, 5 months ago

make a sentence with सुहावना in hindi . Good sentence will be marked as brilliant.