Question

When supply and demand meet at the equilibrium point, then prices in the market will?

Answer 1

Supply is the total quantity of a specific good and service that are available to the consumers in the market while demand is the amount or quantity of goods and services that consumers are able and willing to buy in the market. Equilibrium point is the point at which the demand curve meets the supply curve such that the quantity demanded is equal to the quantity supplied. Therefore, at this point prices in the market will be at equilibrium (equilibrium price) which are not too high or too low. 

Answer 2

Answer:

The price in the market will be EQUILIBRIUM.

Explanation:

Market equilibrium is a condition in the market where demand of goods in the market is equal to supply of goods. The prices in the market will be equilibrium.

Equilibrium price is the price in the market where the quantity of goods supplied is equal to the quantity of goods that it is been demanded.

It is the point where the demand curve intersect with the supply curve in the market.