Question

How do you call the price at which the quantity demanded by consumers will equal the quantity supplied by producers?

A. demand price
B. supply price
C. market price

Answer 1

The price at which the quantity demanded by consumers will equal the quantity supplied by producers is called the market price. It is also known as the equilibrium price. The correct answer is C. 

Answer 2

Answer:

C. market price is the correct answer.

Explanation:

The price at which the quantity demanded by consumers will equal the quantity supplied by producers is called market price.

The market price is the current cost at which service can be purchased or sold and where the forces of quantity and demand satisfy.

The market price is important because it describes the marketers' evaluation of the purpose consumers observe in the goods or services and are ready to spend on goods or services.