Economy, asked by priyadakhore08, 2 months ago

write in brief about the price determination under perfect competition??

Answers

Answered by venisharoyal

0

Answer:In perfect competition, the price of a product is determined at a point at which the demand and supply curve intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition, at this point, the quantity demanded and supplied is called equilibrium quantity.

Previous Question

Next Question

Similar questions

Biology, 1 month ago

what are the protocols of during periods? and it's my first period. :( and I am feeling pain in my abdomen. more m told me to bear it :( any suggestions? ❌❌no spam ❌❌...

English, 1 month ago

Question 107. (a) Calculate the number of unit cells in 8.1 g of aluminium if it crystallizes in a f.c.c. structure. (Atomic mass of Al = 27 g mol-1) ------------------------ (b) Give reasons: (i) In stoichiometric defects, NaCl exhibits Schottky defect and not Frenkel defect. (ii) Silicon on doping with Phosphorus form n-type semiconductor. substances. (Delhi) 2017...

English, 1 month ago

Fill in the blanks with the correct degree of the adjectives given in the brackets : 1. An elephant is a__________animal. (boy) 2. Sanjay is___________than you. (happy) 3. January is__________then February. (long) 4. The Himalayas are the___________mountain. (high) 5. Shikha has the____________ voice of the whole group. (sweet) 6. The streets in our village are_____________. (Narrow) 7. A...

Social Sciences, 2 months ago

Ramalingam has acres of paddy fields in Kalpattu. am more...

English, 2 months ago

a perfect sqareof nc triangle...

Physics, 9 months ago

granity accelaration lokg n velocity of 3kg Block? 349...

Math, 9 months ago

Number of 3's appearing in the following sequence 3215673893438933913539...

Math, 9 months ago

simplify: (-20÷5/10)×(-1/10×5)...