A characteristic of demand for a good, service, or resource other than its own market price is Nonprice Determinant of Demand
<h3>When the quantity supplied of a good service or resource equals the quantity demanded?</h3>
The price in a market at which the quantity demanded and the quantity supplied of a good are equal to one another; this is also called the “market clearing price.”
<h3>
What is equilibrium price also known as?</h3>
An equilibrium price, also known as a market-clearing price, is the consumer cost assigned to some product or service such that supply and demand are equal, or close to equal.
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