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17 January, 09:25

If an efficient quantity of soybeans are produced and sold in the US market, then the market price of soybeans will be equal to:

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  1. 17 January, 11:03
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    d) A and B are both correct.

    Explanation:

    Efficient quantity of soybeans is a quantity supplied to the market at which the price the supplier of soybeans is ready to take is what the customers are ready to pay. This happens mostly when the market is experiencing a stable equilibrium to a certain degree in the soybean market, that is a state of rest. The supply price is, its marginal cost and demand price is the marginal benefit of an additional unit.
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