English, asked by priyankakri17ry, 2 months ago

Market structure price determination in different market conditions.

Answers

Answered by tasnim3447

5

Answer:

Market price is determined by the equilibrium between demand and supply in a market period or very short run. The market period is a period in which the maximum that can be supplied is limited by the existing stock. The market period is so short that more cannot be produced in response to increased demand.

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