If the current price of a good is the same as that found at the intersection of the market supply and demand curves, then:

Question

Quizplus · Accepted Answer

If the current price is the same as that found at the intersection of the market supply and demand curves, then there is no excess demand or excess supply in the market. This is the point of equilibrium where the quantity supplied equals the quantity demanded, and the market is considered to be in balance. No further price adjustments are required in this scenario.

If the Current Price of a Good Is the Same