what is the point at which supply and demand intersect?\no equilibrium point\no disequilibrium point\no…
what is the point at which supply and demand intersect?\no equilibrium point\no disequilibrium point\no excess supply point\no excess demand point
Answer
Brief Explanations:
In economics, the point where supply and demand curves intersect is known as the equilibrium point. At this point, the quantity of goods or services that producers are willing to supply is equal to the quantity that consumers are willing to demand. Disequilibrium points, excess - supply points, and excess - demand points do not represent the intersection of supply and demand.
Answer:
A. equilibrium point