Under Which of the Following Conditions,the Equilibrium Price Is Established

question 79

Multiple Choice

Under which of the following conditions,the equilibrium price is established?

• A)Prevailing market price of an item is same as the price at which a consumer can buy the item
• B)Demand curve and the supply curve are parallel to each other
• C)Opportunity cost of a product is greater than its production cost
• D)Production cost of an item is greater than its selling price

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