3 years ago

Equilibrium price is the...

Social Studies

1 answer:

MrRa [10]3 years ago

8 0

The correct answer is A. Point where supply and demand meet

Explanation:

In economics, the equilibrium price occurs if the supply and demand are in equilibrium. This means at this price, the producer can produce the same number of units of a product (supply) that customers can buy (demand). This makes supply and demand meet. Moreover, at this point, both consumers and sellers benefit. Besides this, the equilibrium price is the opposite concept to disequilibrium, in which, supply and demand are different. According to this, the correct option is A.

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