HaydenM9806 HaydenM9806

08-06-2024
Business

Answered

What is the point called where the supply curve and the demand curve meet?
A. Market point
OB. Maximum profit point
C. Equilibrium point
D. Optimum price point

Answer :

GinnyAnswer GinnyAnswer

08-06-2024

Final answer:

The equilibrium point is where supply and demand curves intersect, signifying a balance between quantity demanded and quantity supplied in economics.

Explanation:

The point where the supply curve and the demand curve meet is known as the equilibrium point. This is where the quantity demanded by consumers equals the quantity supplied by producers.

Learn more about Market Equilibrium here:

https://brainly.com/question/32940222

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