ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Where the supply curve and the demand curve intersect.
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Equilibrium Price
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Equilibrium Point
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Equilibrium Quantity
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Supply
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Explanation:
Detailed explanation-1: -Supply and demand curves intersect at the equilibrium price. This is the price at which we would predict the market will operate.
Detailed explanation-2: -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.
Detailed explanation-3: -The point at which the two curves intersect represents the market-clearing price-the price at which demand and supply are the same.
There is 1 question to complete.