The equilibrium point represents the only price-quantity combination in a market that _____

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The equilibrium point is the point where the quantity demanded by buyers is equal to the quantity supplied by sellers, and this exactly matches the independent plans of both buyers and sellers. At this point, there is no excess demand or excess supply. Buyers are willing to purchase the exact quantity that sellers are willing to sell, and sellers are willing to sell the exact quantity that buyers are willing to purchase. Therefore, the equilibrium point represents the only price-quantity combination in a market that exactly matches the independent plans of buyers and sellers.

The Equilibrium Point Represents the Only Price-Quantity Combination in a Market