The market price where quantities of goods and quantities supplied is equal to quantities of goods and quantities in demand is ____________.

Cost price

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Selling price

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Equilibrium price

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Market price

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Solution

The correct option is A Equilibrium price
The equilibrium price is the market price where the quantities of goods supplied are equal to the quantities of goods demanded. This is the point at which the demand and supply curves in the market intersect.

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Similar questions

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The market price where quantities of goods and quantities supplied is equal to quantities of goods and quantities in demand is ____________.

The correct option is A Equilibrium priceThe equilibrium price is the market price where the quantities of goods supplied are equal to the quantities of goods demanded. This is the point at which the demand and supply curves in the market intersect.

The correct option is A Equilibrium price
The equilibrium price is the market price where the quantities of goods supplied are equal to the quantities of goods demanded. This is the point at which the demand and supply curves in the market intersect.