The _______ is the price at which the number of products that businesses are willing to supply equals the number of products consumers are willing to purchase at a point in time.
A) supply price
B) equilibrium price
C) demand price
D) demand curve
E) exact price

Question

Quizplus · Accepted Answer

Equilibrium price is defined as the price at which the number of products that businesses are willing to supply equals the number of products consumers are willing to purchase at a point in time.

The _______ Is the Price at Which the Number of Products