The price that results when quantity demanded is just equal to quantity supplied is known as:

Question

Quizplus · Accepted Answer

Equilibrium price is the price at which the quantity demanded equals the quantity supplied, resulting in a market balance with no excess supply or demand. This occurs at the intersection of the supply and demand curves, where market forces have determined the optimal price that both buyers and sellers are willing to accept.

The Price That Results When Quantity Demanded Is Just Equal