The position at which a demand curve and supply curve cross defines the _________price and equilibrium _________.

Name: The position at which a demand curve and supply curve cross defines the _________price and equilibrium _________.
Brand: Quizplus
Rating: 4.8 (47 reviews)

Question

Quizplus · Accepted Answer

The point where the demand curve and supply curve intersect defines the equilibrium price and equilibrium quantity, indicating the price at which the quantity demanded equals the quantity supplied.

The Position at Which a Demand Curve and Supply Curve