Respuesta :
The price at this intersection is that the equilibrium price, and also the quantity is that the equilibrium quantity. It is the price where buyers are willing to buy.
At the equilibrium price, there's no shortage or surplus: the amount of the nice that buyers are willing to shop for equals the amount that sellers are willing to sell. Buyers can purchase the number they need to shop for at the value, and sellers can sell the number they require to sell at the market value. Markets tend toward equilibrium unless there are barriers, called price controls, that prevent reaching equilibrium. One control is named a floor, which could be a barrier that holds prices above the equilibrium price.
Learn more about equilibrium price.
https://brainly.com/question/22569960
#SPJ4
