What is the price at which the quantity demanded by consumers will equal the quantity supplied by producers called? demand price supply price market price domestic price

The correct answer is C) market price.

The price at which the quantity demanded by consumers will equal the quantity supplied by producers is called market price.

When a market price has been established, people who buy and people who sell agree to establish trade in an open market. The market price is determined by the supply and demand, and sometimes specialist called it "market value." In Accounting, the market price can be used to record the cost of the transactions.

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