Question

The market clearing price occurs at the ________ of the market demand curve and the market supply curve. It is also called the _______ price, the price from which there is no tendency to change in demand or supply

Answer 1

intersection

equilibrium

Step-by-step explanation:

In the case when the market clearing price arise at the time when the demand curve of the market and the demand curve of the supply intersected with each other. This is we called as the equilibrium price where there is no tendency to varies the demand or supply

Hence, the same is to be relevant