A price at which the demanded quantity is equal to the produced quantity of that product is called the ____ price.
A) market
B) customer
C) equality
D) demand
E) supply

Question

Quizplus · Accepted Answer

The market price is the price at which the quantity of a product demanded by consumers is equal to the quantity supplied by producers, leading to an equilibrium in the market.

A Price at Which the Demanded Quantity Is Equal to the Produced