Economy, asked by sharmanandita741, 9 months ago

what is market period?​

Answers

Answered by pranavbirhade100
5

Answer:

The market period is a very short period in which the supply of a commodity is fixed. It is the variations in demand that determine the price in such a market period. The time period is so short that supply is not responsive to demand.

hope this help you.

mark as best as your wish.

Answered by varsha1973
2

Answer:

MARKET PERIOD : A period of time in which at all inputs in the production process are fixed, meaning the quantity of output itself is fixed. In other words, you've produced the good, you're not going to produced any more for now, all that remains is to sell it. You should compare market period with short run and production, long run and production, and very long run.

Similar questions