At the point where the demand and supply curves intersect:

Question

Quizplus · Accepted Answer

The point where the demand and supply curves intersect is known as equilibrium price and quantity. At this point, the amount of goods that buyers are willing to buy is equal to the amount of goods that sellers are willing to sell. There is neither a surplus nor a shortage of the product, which means the market is in balance, and the price is stable. Therefore, the correct option is C.

At the Point Where the Demand and Supply Curves Intersect