Question

In language of economics, market price is known as:a. short period equilibrium price b. very short period equilibrium price c. long period equilibrium price d. very long period equilibrium price​

Answer 1

Answer:

The equilibrium price is where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways momentum, it can be said that the forces of supply and demand are relatively equal and the market is in a state of equilibrium.