# “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the _____ ? with Answer - Civil Engineering Mcqs | TestPrep

> Solved MCQ: “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the _____ ? Correct Answer: D. Law of supply and demand. Verified answer explanation for FPSC, PPSC, MDCAT, NTS, and CSS competitive exam preparation.

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# “Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the _____ ?

Direct Answer & Quick Reference

The correct option is **D. Law of supply and demand**.

A. Law of diminishing return

B. Law of supply

C. Law of demand

D. Law of supply and demand **(Correct Answer)**

✨ Explain with AI

Verified Key: D. Law of supply and demand
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Verified against official examination board answer keys and standard curriculum textbooks.

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