What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers called

1 answer:

7 0

The price at which the quantity demanded by consumers will equal the quantity supplied by producers are called BREAK EVEN PRICE.

When the quantity demanded in a market is equal to the quantity supplied, the market is in equilibrium. There is no shortage or surplus which will after the price of the goods.

Break even price is the selling price that is equivalent to the cost incurred in producing the goods. Therefore, seller does not enjoy the gain nor suffer a net loss.

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