Answered

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The point where supply and demand meet and prices are set is called

A. coordination.
B. correspondence.
C. equality.
D. equilibrium.

Sagot :

GinnyAnswer

Final answer:

The point of equilibrium in economics where supply meets demand, ensuring market balance.


Explanation:

Equilibrium is the point where the quantity demanded equals the quantity supplied, marked by the intersection of the supply and demand curves. This balance is also known as the market clearing price, ensuring no surplus or shortage in the market.


Learn more about Market equilibrium here:

https://brainly.com/question/32940222


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