Question

In perfect competition at any given time,price for the commodity is ​

Answer 1

ᴀɴsᴡᴇʀ (≧∇≦)

In perfect competition, the price of a product is determined at a point at which the demand and supply curve intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition, at this point, the quantity demanded and supplied is called equilibrium quantity.

ᴘʟs ᴍᴀʀᴋ ᴀs ʙʀᴀɴɪʟɪᴇsᴛ.

ᴛʜᴀɴᴋs

Answer 2

Answer:

In perfect combination, the price of a product is determined at a point at which the demand and supply curve intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition, at this point, the quantity demanded and supplied is called equilibrium quantity

Explanation:

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