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 stability Reason (R) Oligopolists face a demand curve that is highly elastic for price increases and less elastic for price reductions
• 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
• If an imperfectly competitive firm is producing a level of output where marginal cost is equal to marginal revenue, marginal revenue is below average variable cost, and price is equal to average total cost, then the firm
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• The dual pricing system of charging high price during peak time and low price during of peak time is called
• There is inverse relation between price and demand for the product of a firm under:
• Monopolist will not produce that portion of demand curve where the elasticity of demand
• 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
• In the short run, a monopolist will shut down if it is producing a level of output where marginal revenue is equal to short-run marginal cost and price is
• If the monopolist faces identical demand for his commodity in the two separate markets, by practicing third degree price discrimination