Question

The "market clearing price" is most closely associated with

Answer 1

The correct answer that would best fit the given statement above would be MARKET EQUILIBRIUM. The "Market clearing price" is most closely associated with Market equilibrium or equilibrium price. Market-clearing happens when the demand curve and supply curve intersect. Hope this answer helps.

Answer 2

The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.