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What’s is the price called at which the quantity demanded is equal to the quantity supplied

1 Answer

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Answer: Equilibrium price

Explanation:

A market-clearing price is the price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price.

When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal. The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.

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