What is another name for the equilibrium price?
A)Equilibrium quantity
B)Substitution price
C)Market-clearing price
D)Determinant of demand

Question

Quizplus · Accepted Answer

Another name for the equilibrium price is the market-clearing price.
Key Takeaway: Basically, the market-clearing price, or the equilibrium price, occurs at the place where the demand and supply cure intersect. At this point, there is an equilibrium between what the buyers and sellers want. This is matched by an equilibrium quantity, which is the amount of the good supplied by suppliers that matches what consumers want.

What Is Another Name for the Equilibrium Price