The equilibrium price is determined by the interaction of what two fac

QUESTION

The equilibrium price is determined by the interaction of what two factors?

A) demand and supply
B) demand and price
C) supply and production
D) risk and demand
E) price and production

 

ANSWER

Answer: A
Explanation: A) The equilibrium price is the one at which the quantity supplied to the market is equal to the quantity demanded by the market.

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