Economy, asked by sonukesharwani17, 5 months ago

market price always tend to be equal to the normal price explain​

Answers

Answered by rishabhsharma50
2

Answer:

I think your question is incomplete

Explanation:

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Answered by crushycandy
5

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Market price is for a particular time but normal price is for a period of time. Market price is the price prevailing on a particular day or a particular time. It is the result of market demand and supply. Normal price, on the other hand, is the result of long period demand and long period supply........

Market prices are dependent upon the interaction of demand and supply. An equilibrium price is a balance of demand and supply factors. There is a tendency for prices to return to this equilibrium unless some characteristics of demand or supply .........

Normal Price: According to Professor Marshall, Normal or Natural Price of a commodity is that which economic forces would tend to bring about in the long run. Professor Marshall referred the short-period normal price as Sub-Normal Price. ... Short-Period Normal Price

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