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It is the price where the intentions of buyers and sellers match.

where the supply and demand curves intersect

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โˆ™ 2016-12-12 14:59:14
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Q: What is the equilibrium price?
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Related questions

The price of peanut butter rises due to a blight on the peanut crop. peanut butter and jelly are complements. What happens to the equilibrium quantity and price of jelly?

(A)Equilibrium price falls, equilibrium quantity increases (B) Equilibrium price rises, equilibrium quantity falls (C) Equilibrium price falls, equilibrium quantity falls (D) Equilibrium price rises, equilibrium quantity rises


What equilibrium price and equilibrium quantity?

equilibrium price and equilibrium quantity?: equilibrium price: When the price is above the equilibrium point there is a surplus of supply The market price at which the supply of an item equals the quantity demanded Price at which the quantity of goods producers wish to supply matches the quantity demanders want to purchase sa madaling salita supply=demand=price equilibrium quantity: Amount of goods or services sold at the equilibrium price The quantity demanded or supplied at the equilibrium price. supply=demand ayos?


What happens when the market price is lower than the equilibrium price?

When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.


What happens when the equilibrium price is lower than the market price?

When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.


What happens to equilibrium price if the demand for a product increases?

the equilibrium price increases


What happens to the equilibrium price and equilibrium quantity in a market if the demand curve shifts to the right?

If the demand shift to the right, the equilibrium price and quantity will shift from the initial equilibrium price and quantity to the next, i mean the equilibrium price and quantity will increase as compare to the first.


What happens to equilibrium price of a commodity if there is decrease in its demand and increase in its supply?

Equilibrium price increases


Which point on the graph represents the equilibrium price?

Supply and demand graphs meet at the equilibrium price.


What happens to the equilibrium price when the overall price level falls?

When the overall price level falls, the equilibrium price will usually fall, too.


If a company raises its price for holidays over the equilibrium price the demand will?

if a company raises its price for holidays over the equilibrium price, the demand will


Define equilibrium price and name the mechanism for setting this price in a free-market system?

The equilibrium price refers to the price point at which supply and demand are equal. This price can be found by applying the three basic properties of equilibrium.


When a surplus of a product will arise when price is above equilibrium or below equilibrium?

above equilibrium

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