Question

the law of supply and demand
quiz complete
1 2 3 4
the point where supply and demand meet and prices are set is called
○ coordination.
○ correspondence.
○ equality.
○ equilibrium.

Explanation:

In the context of supply and demand (a key concept in economics, a subfield of Business), the point where the supply and demand curves intersect, and prices are determined, is known as equilibrium. The other options: "coordination" refers to organizing or working together, "correspondence" refers to a relationship or communication, and "equality" refers to a state of being equal, none of which fit the definition of the intersection of supply and demand.

Answer:

D. equilibrium