price determination under perfect competition (पूर्ण प्रतियोगिता में मूल्य निर्धारण)

In perfect competition, the price of a product is determined at a point at which the demand and supply curve intersect each other. This point is known as equilibrium point as well as the price is known as equilibrium price. In addition, at this point, the quantity demanded and supplied is called equilibrium quantity.
Video created by Mr. Pradeep Negi, Lecturer-Economics, Model Govt Inter College BHEL Haridwar Uttrakhand INDIA
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