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In a competitive market, the equilibrium price is determined when ______.
Economics
Market Mechanism: Equilibrium Price and Quantity in a Competitive Market
Question
Updated
19 Aug 2026
In a competitive market, the equilibrium price is determined when ______.
A
Choose Your Answer
A
market demand is equal to market supply
B
market demand is greater than market supply
C
market demand is less than market supply
D
none of these
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