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The point where supply and demand meet and prices are set is called coordination. correspondence. equality. equilibrium.

Deborah Edwards

in Social studies

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Annie Barnes on May 18, 2018

The point at which the supply and demand and prices are set is called balance. Equilibrum is the state in which market supply and demand balance each other and, as a result, prices become stable. Usually, when there is excess supply of goods or services, the price low, which results in a higher demand. The effect of balancing supply and demand results in a state of equilibrium.


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