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*ECONOMICS* At what price is the quantity consumers would buy and the quantity the business would supply the same? __________. We call this ___________.

*ECONOMICS* At what price is the quantity consumers would buy and the quantity the business would supply the same? __________. We call this ___________.
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10 votes
*ECONOMICS*

At what price is the quantity consumers would buy and the quantity the business would supply the same? __________. We call this ___________.

asked
User Ccgus
by
8.3k points

1 Answer

9 votes
The equilibrium is the only price where quantity demanded is equal to quantity supplied.
answered
User Farhang Amaji
by
7.2k points
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