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The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal. The point where supply and demand intersect is the equilibrium point. This is the point where quantity demanded and quantity supplied are equal.
In a competitive market, the equilibrium price and the equilibrium quantity are determined by the intersection of the supply and demand curves. Because the demand curve has a negative slope and the supply curve has a positive slope, supply and demand will cross once.