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

Ross Pratt

in Social studies

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Tara Andrews on September 19, 2018

The correct answer is;The point of balance. In general, for any property, it is at this point that the quantity supplied is equal to quantity demanded at a set price.Explanation:Equilibrium is the state in which the equipment market and demand balance each other and, as a result, prices become permanent. In general, when there is too much supply for goods or assistance, the price moves down, which results in a great demand. The balance of the influence of supply and demand appears in a state of equilibrium.


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