Steady because the quantity supplied and the quantity required are equal at this price.Price is the sum of money that a buyer (consumer) must pay a seller (producer) in exchange for the right to purchase products and services.
As a result, it describes the sum of money a customer or consumer wanting to purchase goods and services is willing to spend. The seller or supplier of the service is generally responsible for setting the pricing of the goods and services.The availability and price at which products and services are sold or delivered are principally influenced by two aspects in economics: supply and demand.According to the rule of supply and demand.
The price of a good plus the buyer’s readiness to pay for it indicates that the buyer is undecided about whether to purchase the good or not.The difference between the quantity of an item that is given and the quantity that is required is known as the surplus
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