Respuesta :
If the equilibrium price of good x is $4 and a price ceiling is imposed at $5, the result will be an equilibrium.
What is equilibrium price?
The equilibrium price is the only price where the plans of consumers and the plans of producers agree—that is, where the amount consumers want to buy of the product, quantity demanded, is equal to the amount producers want to sell, quantity supplied. This common quantity is called the equilibrium quantity.
Supply and demand curves intersect at the equilibrium price. This is the price at which we would predict the market will operate.
Equilibrium occurs when there is a state of no change. This tells us that equilibrium price is a price where both the seller and the buyer are in the position of no change.
Theoretically speaking, at this price,
Amount of goods demanded by the buyers = Amount of goods supplied by the sellers
Therefore, both the demand and supply work in synchronization with the equilibrium price. In other words, the equilibrium price is where the state of the market supply and demand get equally balanced, which also then makes the prices for that certain product steady.
To learn more about equilibrium, refer: https://brainly.com/question/21329957?referrer=searchResults
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