The term you are looking for is "equilibrium." Market equilibrium occurs when the quantity of goods or services supplied by producers matches the quantity demanded by consumers at a specific price level. This balance is crucial for a healthy market because it indicates that there is neither a shortage nor a surplus of goods.
In this state of equilibrium:
1. The market is stable, and prices tend to remain constant.
2. Both buyers and sellers are satisfied with the prevailing price.
3. There is no pressure for prices to rise or fall due to excess supply or demand.
In summary, market equilibrium is the point where market supply equals market demand, leading to a stable and balanced market environment.
