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.
which is true about the functional relationship shown in the graph
The equilibrium price.
The equilibrium price.
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Point of equilibrium!
This is when demand and supply are said to be in "Equilibrium" when both demand and supply are exactly the same. Hopes this helps! Akmed Ommbejumba
No. If demand rises, then supply falls. Transveresly, if demand falls, then supply rises.