Which of the following is a correct definition of equilibrium price?

a

A price which covers production cost

b

A price which maximizes entreprenuer's profits

c

A price at which the quantity demanded equals the quantity supplied

d

A price at which a competitive firm is at equilibrium

e

A price which stabilizes farmer's income

Download Offline App Ask a Question

Explanation

Correct Option
c

No explanation available

Video Explanation

No video available

Post your Contribution

Share:

Discussions (0)

No comments yet

Be the first to comment

Quick Questions

Ask a Question

happysolomon

22nd June, 2026


1 comments
AF

Fifi53453

23rd June, 2026


1 comments

abdullahibabajide63

22nd June, 2026


1 comments