For equilibrium market, the condition is____

Related MCQs

• The market demand curve for a perfectly competitive industry is QD = 12 - 2P. The market supply curve is QS = 3 + P. The market will be in equilibrium if:
• Demand function for a commodity is D = 44 – 7P and supply function S = 2P –10, then the equilibrium price is:
• A perfectly competitive firm should reduce output or shut down in the short run if market price is equal to marginal cost and price is: