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helo2
helo2 helo2
  • 23-05-2016
  • Business
Answered

in the computer market, $500 is the price at which quantity supplied equals quantity demand. so $500 is the___.

Verified Answer :

CmdrWinters
CmdrWinters CmdrWinters
  • 23-05-2016

The price at which supply meets demand is referred to as the equilibrium price, so if the amount of computers supplied at $500 is the same as the amount of people who are willing to pay $500 for a computer, then $500 is the equilibrum price.
Hope that helped! =)

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