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In the computer market, $500 is the price at which quantity supplied equals quantity demanded. So $500 is the _____.

surplus price
equilibrium price
interest rate

User Gauls
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2 Answers

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Answer:

surplus price

Step-by-step explanation:

User Jmarkmurphy
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Equilibrium price.

In the computer market, $500 is the price at which quantity supplied equals quantity demanded. So $500 is the equilibrium price.

Equilibrium is a condition of a system wherein all competing factors are balance. In this case quantity supplied is equal to quantity demanded.
User Projjol
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