Economy, asked by naohheart1589, 9 months ago

Question 6
………………… a dominant role in determining market price :
(a) Demand plays
(b) Supply plays
(c) Demand and supply play
(d) None of the above

Answers

Answered by vivektripathi1234

Answer:

I hope option C) is correct

Hope it helps!!!

Explanation:

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.

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