The point where supply and demand meet is called market equilibrium.
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When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
scarity
The point where marginal revenue equals marginal cost
The point where supply and demand meet is called market equilibrium.
The point where the y and x axis meet. You are at your maximum potential of output based on your Supply and Demand curves. See equilibrium .
your mum:D:D:D:D:D hahahahaha
Supply and demand graphs meet at the equilibrium price.
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
cusp
When a firm makes a profit by producing enough goods to meet demand without having leftover supply the point of profit is where marginal revenue equals marginal cost.
Demand means what is needed or wanted. If you meet that, you produce or supply as much as is needed or wanted.
The point at which two curves meet is called an "intersection point." At this point, the coordinates of both curves are the same, indicating that they share a common value. Intersection points can be found in various contexts, such as in algebra, geometry, and calculus, and they can represent solutions to equations or systems of equations.
scarity
The point where marginal revenue equals marginal cost
Yes demand can create its own supply, the Keynesian economist view believed this. Markets will always try to meet demands because they want to gain the most they can from it therefore will create a supply to match demand.