Answer:
d. the market price
Explanation:
The market price also known as the equilibrium price is the price that equates the quantity demanded to the quantity supplied. The market price is where the demand curve equals the supply curve.
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Answer: The market price.
Explanation:
In a price elastic market, the market price largely influences consumer demand which in turn directly affects producers supply. For example in a price elastic market, when the price of a product reduces the consumer demand for that product increases which in turn leads to an increase in supply of that product to the market.
