The equilibrium price is represented by the point where a product's supply and demand curves intersect.

Name: The equilibrium price is represented by the point where a product's supply and demand curves intersect.
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Question

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The price at which the number of products that businesses are willing to supply is equal to the amount of products that consumers are willing to buy at a specific point in time is the equilibrium price.

The Equilibrium Price Is Represented by the Point Where a Product's