Answer: Equilibrium price
A price at which the demanded quantity is equal to the produced quantity of that product is called the equilibrium price.
Explanation:
Equilibrium price refers to the market price where the quantity demanded of a good is equal to the quantity supplied. At equilibrium point, the demand and supply curve intersect. It is when supply and demand in the market balances each other and consumers and producers are satisfied resulting in stable price of the product or service.