The unique point at which the supply and demand curves intersect is called
A)market harmony.
B)coincidence.
C)equivalence.
D)equilibrium.

Name: The unique point at which the supply and demand curves intersect is called A)market harmony. B)coincidence. C)equivalence. D)equilibrium.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The point at which supply and demand curves intersect is called equilibrium. At this point, the quantity of goods or services that buyers want to purchase equals the quantity that sellers want to sell.

The Unique Point at Which the Supply and Demand Curves