The equilibrium price in a perfectly competitive market is established by which of the following?
a) The demand of the commodity
b) Both demand and supply of the commodity
c) The supply of the commodity
d) By the seller
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With the help of analysis of both demand and supply of the commodity....
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When the market demand exceeds the market supply at a particular price, then the ... Explain how price is determined in a perfectly competitive market with fixed ... (b) Decrease in the income of consumers. and please follow me
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