Question
What is market equilibrium? When prices of product freeze and the quantity demanded is higher than the quantity supplied When an artificial price is set
What is market equilibrium?
When prices of product freeze and the quantity demanded is higher than the quantity supplied
When an artificial price is set in the market to benefit the producer
The point at which the demand exceeds the quantity supplied
The point at which the demand curve intersects with the supply curve
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Law for Business
Authors: A. James Barnes, Terry M. Dworkin, Eric L. Richards
13th edition
1259722325, 978-1259722325
