What happens at the market equilibrium point?

Market equilibrium is a market situation characterized by identical values ​​of supply and demand (subjects have no incentives to change this situation). The point of market equilibrium on the chart is located at the intersection of the curves: The area of ​​the economic space where the interests of buyers and producers intersect is called the economic area. The end consumer can buy goods at very different prices, the value of which depends on a large number of factors, for example, the level of competition in the industry.

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