is the price at which demand for a commodity is equal to its supply ........

Economics- Phase (I & II) Demand and Supply , Market Structures

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_____________ is the price at which demand for a commodity is equal to its supply?

Secular price

Equilibrium price

Short run price

Normal price

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Explanation:

At equilibrium price quantity demanded and quantity supplied of a commodity are equal. This quantity is called the equilibrium quantity of the commodity. In practical life, the price at which the seller/firm wants to sell a commodity, its quantity supplied may be greater or lesser than its quantity demanded.