__________ is the price where the quantity the consumer purchases is equal to the quantity the producers supply.

Correct option is B

​The correct answer is (b) Equilibrium Price.

Explanation:

•  The equilibrium price is the price at which the quantity demanded by consumers equals the quantity supplied by producers in a market.
• At this price, there is no excess supply or demand. It is the price that clears the market, where the intentions of both buyers and sellers align.
• At equilibrium, the forces of supply and demand are balanced, and there is no pressure for the price to change unless there is a shift in either supply or demand.

Information Booster:

Market Dynamics:

• When the price is above equilibrium, a surplus occurs, and producers may lower the price to sell the excess supply.
• When the price is below equilibrium, a shortage occurs, and consumers may compete for the limited supply, pushing the price up.