Most markets, if left alone, will tend toward

a) Equilibrium price

b) Zero price

c) Market price

d) Elasticity

Most markets, if left alone, will tend toward

a) Equilibrium price

This is the correct answer because at this price, the consumer agrees to buy the product and the producer is willing to sell it. Therefore, the equilibrium price is desired by both the consumer and the producer.

b) Zero price

This option is not possible as the producer will not be able to recover the costs.

c) Market price

Market price will be determined by equilibrium itself. Thus the equilibrium price will be the market price unless the firm is a monopoly and is selling a commodity which is an absolute necessity.

d) Elasticity

Elasticity of a product depends on several factors. The product will always be either elastic or inelastic. Hence, this option is vague.

Therefore option A is the only correct answer