what-is-the-definition-of-market-equilibrium-in-the-context-of-supply-and-demand

Question

What is the definition of market equilibrium in the context of supply and demand?

Accepted Answer

The point where the quantity supplied equals the quantity demanded.

Answer

The point where the price is highest.

Answer

The point where the demand curve intersects the quantity axis.

Answer

The point where the supply curve intersects the price axis.