What is the point at which the supply curve and the demand curve intersect on a graph?
A) Equilibrium price
B) Decision point
C) Surplus price
D) Perfect price
E) Parity point

Question

Quizplus · Accepted Answer

The point at which the supply curve and demand curve intersect on a graph is known as the equilibrium price. This is the price at which the quantity demanded of a good or service is equal to the quantity supplied, resulting in the market being in a state of balance.

What Is the Point at Which the Supply Curve and the Demand