In the context of the fundamental principles of a free market system, the _____ is associated with the point at which the quantity demanded of a product equals the quantity supplied.
A) fiscal price
B) intermediate price
C) parity price
D) equilibrium price

Question

Quizplus · Accepted Answer

The equilibrium price is the point where the quantity demanded equals the quantity supplied in a free market system.

In the Context of the Fundamental Principles of a Free