A. many sellers and buyers are in the market
B. there is perfect knowledge of the market situation
C. supply and demand are equal
D. there is no discrimination
E. Products are identical

Correct Answer:

Option C – supply and demand are equal

SEE ALSO  If 502.75 million tonnes of grains are consumed annually by a population of 88.5 million people, the per capita grains consumption will be?

Copyright warnings! Do not copy.