How is the equilibrium price of a commodity determined?

Nikita Chetry
Latest Answer: 1 day ago
In: Commerce

How is the equilibrium price of a commodity determined?

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1 Answers

Answered By Nikita Chetry
Answer: 1 day ago

Determination of equilibrium of price: The equilibrium price of a commodity is determined by the forces of demand and supply. At equilibrium price, the quantity demanded of a commodity is equal to its... Read More

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