asked 30.7k views
5 votes
When prices drop below where supply and demand meet, it results in

1 Answer

2 votes

Answer:

A market price is the one at which producers offer the product, and a consumer buys the product. Market price differs from the equilibrium price as the equilibrium price is the only one at which the demand and supply curve intersect each other, but the market price can be higher, lower, or equal to the equilibrium price.

answered
User Lvella
by
7.9k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.