market equilibrium / market clearing price.
Point of equilibrium!
It is the price where demand equals supply in a competitive market.
If demand and supply don't intersect on the positive quadrant of the graph, then producing and selling the product isn't feasible. There are things that can adjust the two lines so that they do intersect on the positive quadrant, such as lowering the cost of production to better facilitate supply.
The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
by finding where the supply curve and the demand curve intersect
This is the equilibrium price. Equilibrium price is when quantity demanded equals quantity supplied - i.e. it is the price where everything supplied will be bought, so the market will be cleared.
Where the demand curve and supply curve intersect.
The equilibrium price.
The equilibrium price.
Location Location Location...then supply and demand.
It is the price where the intentions of buyers and sellers match. where the supply and demand curves intersect
Overproduction or glut or excess supply or demand shortage