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The point of intersection of Demand and Supply curves is the equilibrium point.
The point where supply and demand meet is called market equilibrium.
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
Equilibrium is the point where demand = supply
equilibrium
When supply and demand are equal, that is a state of equilibrium.
The current price at which an asset or service can be bought or sold. Economic theory contends that the market price converges at a point where the forces of supply and demand meet. Shocks to either the supply side and/or demand side can cause the market price for a good or service to be re-evaluated.
which is true about the functional relationship shown in the graph
The equilibrium price.
The equilibrium price.
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Point of equilibrium!