Question

The market clearing price where the quantity demanded by consumers equals the ____________ by producers.

Answer 1

The market clearing price where the quantity demanded by consumers equals the supply by producers.

It is called equilibrium price.

What is  equilibrium price?

The cost to the customer of a good or service at an equilibrium price, sometimes referred to as a market-clearing price, is determined by supply and demand being equal or nearly equal. Customers have access to all the units they wish to purchase, and manufacturers and vendors are free to move as many units as they like.

Coffee is a commodity with a stable market. Prices won't tend to alter unless the supply or demand curves adjust. The price at which quantity requested equals amount supplied is known as the equilibrium price in any market. Due to this, $6 a pound of coffee is the market's equilibrium price.

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