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''When the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.''
The equilibrium price and equilibrium quantity occur where the supply and demand curves cross with each other. The equilibrium occurs when the quantity demanded is equal to the quantity supplied.
So we can conclude that when the quantity demanded intersect with quantity supplied, it leads o the formation of equilibrium point.
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Equilibrium is the condition when the supply of any goods meets the demands completely. The point at which the graph intersects is the equilibrium price.
Equilibrium is the condition when the supply of any goods meets the demands completely. Therefore, no extra goods are left.
Equilibrium is the condition when the supply and the demand line cross each other on a price and quantity graph as shown below. The point at which the graph intersects is the equilibrium price.
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