What reflects the intersection of the demand and supply curves?

Name: What reflects the intersection of the demand and supply curves?
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Question

Quizplus · Accepted Answer

The intersection of demand and supply curves is the equilibrium point. At this point, the quantity demanded by the consumers is equal to the quantity supplied by the producers, resulting in a stable market price. This is a crucial point for businesses as it helps them decide the optimal price and quantity of the product to produce and sell at a profit.

What Reflects the Intersection of the Demand and Supply Curves