Earn $100 Online Daily. Work From Home. Click Here

What is the correct answer?


The point where the supply and demand curves intersect on a graph determines:

A. Market price

B. Equilibrium price

C. Long-term price

D. Short-term price

Related Questions

A budget line shows: Extension (expansion) and contraction of demand are result of: In market sharing cartel model, cartel determines the shares of: Slope of a demand curve is: Equilibrium of a firm represents maximization of profits as well as: If the demand for good is less elastic and government levied a tax per… In perfectly competitive markets, the profit maximization rule can be… Competitors in monopolistic competition have full control over: The production techniques are technically efficient: According to Leontief technology, there: The long-run AC curve is constructed from: In collusive olligopoly, the firms may make: Cross-elasticity of demand or cross-price elasticity between two perfect… Which of the following statement is wrong? The main contribution of Prof. Lord Keynes is in the field of: With the decrease in marginal valuation of a specific commodity, the price… The advertisement and other selling activities: 7.In an economy based on the price system the decision on what shall be… To calculate the elasticity of demand, which of the following formula… If a straight line supply curve makes an intercept on the Y-axis, elasticity… In discriminating monopoly (price discrimination), the cost of production… Utility is: The elliptical isoquant represents the: In economics, Externality means: When elasticity of demand is greater than one (e >1), then following the… The budget-line is also known as the: Marshallian approach is also known as: If X and Y are close substitutes, a fall in price of X will lead to: A firm enjoys maximum control over the price of its product under: Robbins definition of economics was criticised by: