When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. the market price. the break-even price. either the market price or the equilibrium price.

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Business

Demarcus Barnes

14 November, 19:39

When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. the market price. the break-even price. either the market price or the equilibrium price.

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Kasey Griffith · Answer 1

When the price at which the quantity of a product willing to be purchased by customers and the quantity of product willing to be made by a producer are equal, this is known as the equilibrium price. Equilibrium price is the price set by a market in which the amount of products that are supplied is equal to the amount of products that are demanded.