Trivia ForgePlay free →

In a supply and demand graph, what is the point where the two curves intersect?

Show answer

Equilibrium

At the equilibrium point, the quantity supplied equals the quantity demanded. This determines the market price of a good or service.

Also asked as:
  • In economics, what term describes the market state where the quantity supplied and the quantity demanded are equal?

Would you remember this in 6 months?

Trivia Forge uses spaced repetition so facts stick. Free, no signup needed.

Practice Economics questions →

More Economics trivia

See all 215 →