Question

Who would set the equilibrium point for the price of a new type of sneaker?

AThe manufacturer incorrect answer

BThe consumer incorrect answer

CEither A or B -— it depends on the cost to produce the sneaker incorrect answer

DNeither A nor B -- the equilibrium point is set by market forces incorrect answer

Answer 1

D ) neither A or B --- the equilibrium point is set by market forces

Step-by-step explanation:

The equilibrium point for the price of goods such sneakers is neither set by the manufacturer nor the consumer. the equilibrium point/price is determined by various market forces like demand and supply of the goods in the open market. this because

Equilibrium point is the point/ price is a point whereby the supply and demand of goods and services are said to be evenly matched i.e supply equals demand at that point.