[Solved] The market equilibrium for a commodity is determined by :

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Q.	The market equilibrium for a commodity is determined by :
A.	The market supply of the commodity.
B.	The balancing of the forces of demand and supply for the commodity
C.	(3) The intervention of the Government.(4)
D.	The market demand of the commodity.
Answer» B. The balancing of the forces of demand and supply for the commodity
Explanation: Market Equilibrium is determined when the quantity demanded of a commodity becomes equal to the quantity supplied. The price determined corresponding to market equilibrium is known as equilibrium price and the corresponding quantity is known as equilibrium quantity.

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