English

In a competitive market, the equilibrium price is determined when ______. - Economics

Advertisements
Advertisements

Question

In a competitive market, the equilibrium price is determined when ______.

Options

  • market demand is equal to market supply

  • market demand is greater than market supply

  • market demand is less than market supply

  • none of these

MCQ
Fill in the Blanks
Advertisements

Solution

In a competitive market, the equilibrium price is determined when market demand is equal to market supply.

shaalaa.com
  Is there an error in this question or solution?
Chapter 6: Market Mechanism: Equilibrium Price and Quantity in a Competitive Market - TEST YOURSELF QUESTIONS [Page 112]

APPEARS IN

Frank Economics [English] Class 12 ISC
Chapter 6 Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
TEST YOURSELF QUESTIONS | Q 1. | Page 112
Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×