jjinlov5 jjinlov5

06-08-2024
Business

Answered

The point where supply and demand meet and prices are set is called

A. coordination.
B. correspondence.
C. equality.
D. equilibrium.

Answer :

GinnyAnswer GinnyAnswer

06-08-2024

Final answer:

Equilibrium is the balance point where quantity demanded equals quantity supplied at the market clearing price.

Explanation:

Equilibrium is the point of balance at which the quantity demanded is equal to the quantity supplied. It is the location where supply and demand meet, also known as the market clearing price.

Learn more about Equilibrium in Economics here:

https://brainly.com/question/38800891

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