The point at which the demand and supply curves intersect

Question

The point at which the demand and supply curves intersect - the point at which the quantity demanded and supplied are equal - is called the ________.
A) equilibrium point
B) aggregation point
C) marginal point
D) break-even point
E) distribution point

Quizplus · Accepted Answer

A)The point at which the demand and supply curves intersect-the point at which the quantity demanded and supplied are equal-is the equilibrium point.
B)The point at which the demand and supply curves intersect-the point at which the quantity demanded and supplied are equal-is the equilibrium point.
C)The point at which the demand and supply curves intersect-the point at which the quantity demanded and supplied are equal-is the equilibrium point.
D)The point at which the demand and supply curves intersect-the point at which the quantity demanded and supplied are equal-is the equilibrium point.
E)The point at which the demand and supply curves intersect-the point at which the quantity demanded and supplied are equal-is the equilibrium point.