Question

*ECONOMICS*

How is an equilibrium price determined? O A. By finding a price that meets the highest quantity supplied by producers B. By finding a price that exceeds the expenses producers take on to create supply O C. By finding a price that meets the highest quantity demanded by consumers D. By finding the price where quantity supplied matches quantity demanded​

Answer 1

D. By finding the price where quantity supplied matches quantity demanded​

Step-by-step explanation:

Equilibrium price is a price point where the amount of goods that are sold in the market matched the amount of demands for that goods. This means that there will be no surplus over that goods and no sellers will have to face the problem from overproduction.

In order to reach an equilibrium price, both the consumers and the producers have to believe that they're getting the maximum value every time the conduct a transaction with one another.