asked 189k views
2 votes
What is the point at which supply and demand intersect at a given price?

2 Answers

6 votes

The answer is an equilibrium point.

answered
User Jasonh
by
7.8k points
0 votes
The answer is an equilibrium point. In economics, this relates to the condition of the economic forces in which supplies and demand meet meaning the demand is equal to the supplies of the certain product. It is set by increasing or decreasing the price of a good in response to the movement of the supply and demand in the market. 
answered
User Jwdonahue
by
7.8k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.