The price at which the demand and supply are equal is called:

Related MCQs

• Assertion (A) Many oligopolistic industries exhibit an appreciable degree of Price rigidity or stabilityReason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• Match the following A B (i). Demand for inputs Hall and Hitch (ii). Oligopoly Single buyer (iii). Kinked demand theory Cartels (iv). Monopsony Derived demand Codes;
• Monopolist will not produce that portion of demand curve where the elasticity of demand
• If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree price discrimination
• Given the supply of a commodity, in the market period, the price of a commodity is determined by
• If price is equal to average cost, in the short-run, the competitive firm can earn
• Break-even point is a point where price is equal to
• Shut-down point is a point where price is equal to
• Under monopolistic competition, the demand curve of the product of an individual firm depends on the nature and prices of close substitutes
• In Chamberlin and Kinked demand curve model, the oligoposist